Economic Outlook For Eurozone Worsens

The Economist is rather gloomy about the eurozone economy.  Unemployment is growing in the southern countries, and it is spreading to France and Italy.  Germany is the only bright spot, but only relative the rest of the eurozone.  There is a real concern about the ability of governments to function properly under these economic conditions.  Austerity has only made things worse, but the bond market limits the use of fiscal stimulus in the countries that need most of the help.