The true EU unemployment rate may have soared to 21.9%

On top of the 26.2 million of the unemployed, averaging at 12% of EU’s working age population, there is another 10 million of underemployed par-timers who want to work more but they don’t find employment, plus 11.5 million more of working age persons who are available to work but not seeking (9.3 million) or seeking […]

Commission: Raising the social issues that can make or break the monetary union

For the first time the European Commission recognises that the severe austerity measures enforced in the crisis hit Eurozone countries in the south of Europe, in Ireland and elsewhere, have undermined not only the well-being and the level of social protection there, but undercut also the very ability of those member states to regain non-cost […]