Just like they planned?

From the Europe is a great example of everything department:

The euro-area economy will shrink in back-to-back years for the first time, driving unemployment higher as governments, consumers and companies curb spending, the European Commission said.Gross domestic product in the 17-nation region will fall 0.3 percent this year, compared with a November prediction of 0.1 percent growth, the Brussels-based commission forecast today. Unemployment will climb to 12.2 percent, up from the previous estimate of 11.8 percent and 11.4 percent last year. . . .

“The decisive policy action undertaken recently is paving the way for a return to recovery,” [Economic and Monetary Affairs Commissioner Olli] Rehn said. “We must stay the course of reform and avoid any loss of momentum, which could undermine the turnaround in confidence that is under way, delaying the needed upswing in growth and job creation.”

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Uh-huh. The policies have worked so well that they've put Europe in a recession, but confidence abounds. In what, I wonder.