The eurozone’s unemployment rate hit a new record high in October, while consumer price rises slowed sharply.
The jobless rate in the recessionary euro area rose to 11.7%. Inflation fell from 2.5% to 2.2% in November.
The data came as European Central Bank president Mario Draghi warned the euro would not emerge from its crisis until the second half of next year.
Government spending cuts would continue to hurt growth in the short-term, Mr Draghi said.
Wait for us.
Chuck Schick on November 30, 2012 at 5:17 PM
It will hit the ’30 level and you know what that means.
See the US too.
Schadenfreude on November 30, 2012 at 5:17 PM
Unemployment is racist. Lotsa racism going around I guess.
ramesees on November 30, 2012 at 5:24 PM
Schadenfreude on November 30, 2012 at 5:34 PM
Coming to America. Now a threat, no longer a thought of joy.
astonerii on November 30, 2012 at 5:42 PM
LOL @ Europe. 😀
Punchenko on November 30, 2012 at 6:36 PM
Wonder how long the German citizens will continue to foot the bill for the looters. Their politicians are willing to ride this all the way but the locals are getting understandably restless.
Economically most of Europe is a cross between Illinois and California.
CorporatePiggy on November 30, 2012 at 7:39 PM
That cradle to the grave system ain’t working out too well, huh?
tommy71 on November 30, 2012 at 8:08 PM
Let’s be more like them, please.
trigon on November 30, 2012 at 8:24 PM
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