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May 3, 2012

Eurozone Jobless Rate Surges to Record

The Financial Times has 2 stories today on the unemploymentt crisis in the Eurozone:

The first on is on the front page:  “Eurozone unemployment has surged to a record level, highlighting the region’s weakening economy in the face of fiscal austerity measures and its increasing divergence from the US.”

Read the full story here.

The other is entitled: ‘Unemployment tests eurozone austerity drive”: “Relentless rises in eurozone unemployment, which official data on Wednesday showed had never been higher since the euro’s launch, will intensify pressure for a broader European growth strategy less focused on fiscal austerity, analysts said.”

Read the full story here.

 

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