Eurostat reports that the rate of unemployment in the Eurozone hit 12.2% in April 2013, up from 12.1% in March. This compares very unfavourably with the levels of unemployment in the UK (7.7%) and the USA (7.5%).
The level of youth unemployment in certain countries is particularly shocking, the highest being in
Greece
(62.5% in February 2013),
Spain
(56.4%),
Portugal
(42.5%) and
Italy
(40.5%).
As I have said before, this level of unemployment is not sustainable and is a threat to democracy.
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