在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Europe

Record unemployment underlines EU's pain

Agencies | Updated: 2013-05-31 20:16

Record unemployment underlines EU's pain

Job seekers line up to submit their resumes during an employment fair in La Roca Village, near Barcelona, in this May 21, 2013 file photo. [Photo/Agencies]

BRUSSELS - Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, underscoring just how severe a challenge EU leaders face to revive the bloc's sickly economy.

Joblessness in the 17-nation currency area rose to 12.2 percent in April, statistics agency Eurostat said on Friday, marking a new record since the data series began in 1995.

With the euro zone also in its longest recession since its creation in 1999, consumer price inflation was far below the ECB's target of just below 2 percent, coming in at 1.4 percent in May, slightly above April's 1.2 percent rate.

That rise may quieten concerns about deflation, but the deepening unemployment crisis is a threat to the social fabric of the euro zone, with almost two-thirds of young Greeks unable to find work exemplifying southern Europe's threat of creating a 'lost generation'.

Economists and policy makers have expressed concern that the greatest threat to the unity of the euro zone is now social breakdown from the crisis, rather than market-driven factors.

In France, Europe's second largest economy, the number of jobless rose to a record in April, while in Italy, the unemployment rate hit its highest level in at least 36 years, with 40 percent of young people out of work.

Some economists expect the ECB, which meets on June 6, to act to revive the economy and go beyond another interest rate cut to consider a U.S.-style money printing program known as quantitative easing.

"We do not expect a strong recovery in the euro zone," said Nick Matthews, a senior economist at Nomura International in London. "It puts pressure on the ECB to deliver even more conventional and non conventional measures."

In the past, the euro zone has needed economic growth of around 1.5 percent to create new jobs, according to Carsten Brzeski, an economist at ING. With the Organisation for Economic Cooperation and Development forecasting this week that the euro zone economy would contract by 0.6 percent this year, unemployment is set to worsen long before it turns around.

"We do not see a stabilization in unemployment before the middle of next year," said Frederik Ducrozet, an economist at Economist at Credit Agricole in Paris. "The picture in France is still deteriorating."

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 蜜桃视频一区二区 | 18精品爽国产白嫩精品 | 国产精品入口夜色视频大尺度 | 国产激情视频 | 国产理论在线观看 | av天天看| 日日夜夜精品 | 免费黄色大片 | 日本精品视频在线观看 | 欧美激情第二页 | 午夜黄色小视频 | 国产欧美日韩在线视频 | 日本免费不卡视频 | 欧美黄色录像 | 国产精品美女久久久久久久久 | 五月婷综合 | av不卡在线观看 | 一本一道久久a久久精品蜜桃 | 欧美激情第二页 | a视频在线观看 | 免费看一级毛片 | 成年人免费在线视频 | 欧美国产一区二区 | 黄色午夜| 欧美综合一区 | 精品国产欧美一区二区三区成人 | a天堂视频| 毛片一级片 | 九九国产| 韩国av在线 | 中文字幕在线观看一区二区 | 国产成人精品免费视频 | 96久久| 国产天堂在线观看 | 国产免费小视频 | 国产伦理一区二区 | 日韩国产欧美 | 欧美黄色一区二区 | 午夜精品久久久久久久99 | 日韩中文字幕精品 | 天天做天天爱 |