Austerity Means 4.5 Million Euro Unemployed
Published / Last Updated on 10/07/2012
Austerity Means 4.5 Million Euro Unemployed.
It has been predicted that the eurozone will loose 4.5 million jobs in the next 4 years unless the zone moves away from the governments spending cut backs warns the International Labour Organisation (ILO).
This added 4.5million would make unemployment rise in the eurozone to about 22 million. Youth unemployment was at 3.4million in may 2012 but is set to rise.
The eurozone needs to act on this finding about unemployment before many more people are out of work.