As usual the banks are saved while the young and poor suffer. Capitalism? No, crony capitalism and socialism. The ongoing "debt crisis" is really just a fancy name for the financial rape of the young by their parents and grandparents.
Hope and Change economies are crony capitalist systems which pick winners and losers. They maintain the status quo at all costs -- and reward those who have captured government over those who innovate. Thus the Reuters headline "Banks saved, but Europe risks 'losing a generation'" is perfectly comprehensible.
What else would happen but that?
Naturally this plight is explained to the desperate voters as the consequence of the remaining vestiges of capitalism. The growing impoverishment, we are told, is occurring because socialism hasn't gone far enough. Only give the government more power and all will be well. And so the low information voters turn out in the streets offering to exchange what little freedom they have left for some low paying jobs and a little welfare. The poorer they are the more eager they become to trade their last liberties for one more benefits check.