Europe's Peak Youth Unemployment Gets Peak-er

Despite a ratings ‘upgrade’ Spain’s youth unemployment rate has re-surged to a record 57.4% (just below that of Greece which still tops the scary chart list at 58%). Italy and Portugal also saw notable rises (despite the former’s record low short-dated bond yields) at 41.2% and 36.5% respectively. Ireland and France saw modest improvements but overall the Euro-zone’s youth unemployment just keeps rising. In spite of all the rhetoric from Merkel, Van Rompuy, and Barroso, 24.4% of Europe’s under-25 population is unemployed

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/5PjwGU8OJgE/story01.htm Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *