Web Editors' Choice 2012

By Bloomberg - 2012-12-24T16:25:34Z

Photograph by Angel Navarrete/Bloomberg

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Europe's Dreary New Normal

The cliche about the European debt crisis is that a bunch of lazy southern Europeans sat around waiting for bailouts from their thriftier Northern neighbors. Nobody has debunked it more ably than Oliver Staley. To report on the crisis in Greece, Staley went, surprisingly, to Sweden, where white-collar Greeks have moved to get menial jobs to support their families. Meanwhile, Bloomberg's Ben Sills and Rodney Jefferson told the heartbreaking story of Spanish children losing medical aid amid government budget cuts. Also in Spain, Staley captured the frustration and the dark humor of young Spaniards smoking cigarettes and watching TV in a permanent jobless limbo, trying to find their way out of the enforced idleness thrust on them by the crisis.