Let's start with democracy: most of the eurozone countries have little to no control over the most important policies that the government can use to increase employment and income, including monetary, exchange rate,and increasingly, fiscal policy. 

They have ceded this control to the eurozone authorities - most importantly the European Central Bank (ECB). 

The decision makers for the more victimised countries - including Spain, Greece, Ireland,
Portugal, and Italy - are now "the Troika": the ECB, European Commission,
and the International Monetary Fund (IMF). 

They have their own agenda, and their priority is not restoring employment or even bringing about a speedy economic recovery   

http://www.aljazeera.com/indepth/opinion/2013/05/201352623459882636.html