'Germany enforces same austerity that paved way to Third Reich' (VIDEO)

One in four people are now officially out of work in Spain as unemployment in the debt-ridden country reaches another record. The grim news comes as Madrid's transport workers go on strike, adding to a sixth day of protests in the capital against austerity cuts.

That's as another epicentre of the EU crisis - Greece - looks likely to miss its promised deficit deadline. The forecast from the International Monetary Fund's debt inspectors comes a year after EU leaders applauded what they considered a key deal to save Athens.

Author and publicist William Engdahl, says all the measures the EU leaders are imposing are failing to address the core problems on the continent.