Posted on 07/31/2013 2:21:36 PM PDT by Olog-hai
Eurozone unemployment continued at record highs in June and while a first fall in the jobless numbers for more than two years offers some hope, officials and analysts were cautious on the outlook.
“The figures remain horrendously high,” a European Commission official said, stressing the need to press ahead with economic reforms needed to boost employment.
“Let’s be frank. There is no silver lining here … the figures are pretty much the same as the previous month.”
The 17-nation eurozone jobless rate came in at 12.1 percent, unchanged from May, the Eurostat data agency said on Wednesday. …
(Excerpt) Read more at eubusiness.com ...
Germany is doing well. The rest, not so much.
Even bigger and bigger government and higher and higher taxes will fix it (this time).
Indeed. The EU elites are never wrong about that.
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