Italy was the hardest hit
Last quarterly figure I have seen is 10.6% unemployment for Italy (this is a total figure, not based on age). GDP quarter over quarter and year over year is shrinking. Industrial production is weak, also. French PMI's are stagnant; GDP quarter over quarter is zero. Spain has had negative GDP for over a year now, with shrinking Industrial New Orders, industrial production, and retail sales. I don't have data for the smaller economies, but the EU is so bad it's scary.
I'm unconvinced. Things are different in the two places.This is where our future is headed right now
Where's the evidence it's unsustainable? Europe? From my point of view, I don't see any evidence of harm in the data. As I've pointed out may times, government spending adds to the GDP.By all means, federal government: Please keep on with our monstrously unsustainable habit of spending money