Geography Education
Follow
Find
750.8K views | +304 today
 
Scooped by Seth Dixon
onto Geography Education
Scoop.it!

Eurozone unemployment hits record high

Eurozone unemployment hits record high | Geography Education | Scoop.it
The 17-nation bloc had a jobless rate of 11.6 per cent in September, while inflation eased slightly in the last month.


Although some countries in the Eurozone have lower unemployment rates like Austria (4.4%) and Germany (5.4%), more are in the worst collective tailspin since the creation of the common currency.  Spain has the worst unemplyment rate at 25.8% of the adult population out of work.  It has taken a nasty cultural and political turn as resentments and frustrations are boiling over in the Eurozone.  Some are derisively referring to the struggling southern European countries as P.I.G.S. (Portugal, Italy, Greece, Spain). 


Tags: Europe, supranationalism, currency, labor, economic

more...
Al Picozzi's curator insight, October 9, 2013 9:20 AM

A big problem in the EU.  There are countries feeling the pinch becasue of the problems of other countries.  They feel why do we have to foot the bill of so many other countries that are just failing in their own economies through their own fault.  Sounds about the same as in the US when people say why do I have to pay for others mistakes and pay more in taxes.  One is on a macro scale, one is on a micro scale. 

Geography Education
Global news with a spatial perspective:  Interesting, current supplemental materials for geography teachers and students.
Curated by Seth Dixon