Unemployment across the 17 eurozone states hit an all-time high in May. Consumer price inflation rose for a second month in a row, with the spectre of deflation in recession hit Europe in the wings, according to the latest EU figures.
Unemployment rose 0.1 per cent in May, just slightly above the revised figure of 12.0 percent for April, but marginally below the original 12.2 percent, Eurostat said on Monday. Continue reading “Over 19 million jobless as Eurozone unemployment hits record high”

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