Record high unemployment in EU

[Al.]

All except for Germany, of course, the country that controls the EU. That imperial vision must be strong enough for the elites to not want to shake it off, even though it'd be the only way to really improve things; the radical vision makes them prolong the "beneficial crisis" to right before the breaking point.

EUobserver

The unemployment rate in the eurozone is the highest recorded since the euro was launched in 1999. Some 16.3 million people are unemployed across the 17 single-currency-using countries - the equivalent of almost the entire population of the Netherlands.

The unemployment rate in the EU 27 was 9.9 percent in December, with 23.8 million people out of work. November's figure increased from 9.8 percent to 9.9 percent. Spain, Greece and Lithuania recorded the highest rates.

All three countries have imposed public sector layoffs and spending cuts. At the same time, Germany's overall unemployment rate dropped to record lows of 5.5 percent.

[Alan Alda]

We need a big war to thin out the numbers.

[paddyrebel]

I am curious as to how long the pigs stick to the euro and eu project before they realise the germans are creaming it.

[wherethelady]

just look at the wages we pay and its not surprising- until we sort that then nothing will change. imagine paying 8.65 for a bloody cleaner, it beggars belief 1/2 euroan hour would be loads to give them

[Keith-M]

Well we know who to blame.

[commonman]

The euro was a con job from the start there was only going to be one winner that was germany and we all paid for the unification of germany.

[gerhard dengler]

just look at the wages we pay and its not surprising- until we sort that then nothing will change. imagine paying 8.65 for a bloody cleaner, it beggars belief 1/2 euroan hour would be loads to give them

You can apply this also to teachers salaries, hospital consultants salaries, lawyers/barristers earning.....................

[asknoquestions]

It's one of the defining failures of Europe that there is a shortage of apprentices and skilled engineers in Germany and massive unemployment at the peripheries.

You have to bear in mind that wages in Germany have been static or declining in nominal terms, and moreso after inflation, for the last decade and social welfare benefits have been slashed more than in any "austerity" country.

However, Labour Minister von der Leyen has suggested wages could be increased.
Germany
Now, nothing feeds inflation more than heightened wage expectations, and along with the low rates worldwide, it looks like inflation is coming down the tracks...