NEW YORK ( ETF Expert) -- Many member countries of the eurozone have had to agree to cut spending and increase taxes. Since there is no government stimulus to go around, unpopular austerity measures have placed a noticeable burden on businesses and consumers to grow respective economies.Unfortunately, consumers do not appear to be capable of ending the region's recession. In the 17 countries using the euro, wages are growing at the slowest pace since the final quarter of 2010. Spain, Italy and Portugal are battling a deflationary spiral where lower prices are hampering wages and demand. Worse yet, the entire area's unemployment rate is trending higher; the eurozone's rate currently sits at a record high of 11.9%.