日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 国产一级精品视频 | 国产成人三级在线观看 | 黄色aaa视频 | 91精品久久香蕉国产线看观看 | 天天躁夜夜躁狠狠躁 | 免费观看黄色片子 | 精品一区二区三区日韩 | 日韩精品中文在线 | 亚洲大尺度在线观看 | 亚州一级| 亚洲免费在线观看 | 一区二区精品国产 | 日本性爱视频在线观看 | 午夜资源站| 成人一区二区视频 | a天堂在线观看视频 | 什么网站可以看毛片 | av在线看片 | ww毛片| 午夜三级视频 | 激情五月色婷婷 | 国产探花一区二区 | 国产无遮挡又黄又爽又色视频 | 欧美日韩成人一区 | www.色婷婷.com | 欧美视频xxx | 色婷婷精品视频 | 男女超碰 | 久操婷婷 | 激情久久视频 | 中文字幕一区二区不卡 | 亚洲欧洲视频 | 国产免费av网址 | av国产精品 | 亚洲一区二区观看 | 国产婷婷色一区二区三区 | 日韩av首页| 免费黄色小视频网站 | 97超碰人人模人人人爽人人爱 | 四虎最新入口 | 日本网站在线播放 |