Eurozone Unemployment Hits Record High

Dr. Michael LaitmanIn the News (from Bloomberg): “The euro-area jobless rate rose to a record in November as the fiscal crisis and tougher austerity measures deepened Europe’s economic troubles.

“Unemployment in the 17-nation region rose to 11.8 percent from 11.7 percent in October, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995 and in line with the median estimate of 27 economists in a Bloomberg News survey.”

My Comment: We must agree that there is no returning to the consumer society, and the sooner we switch to a new integral thinking (reasonable consumption, equal sharing, closure of all the “excess” enterprises, the establishment of a rational economy, without anything extra), the less we will lose in transitioning to the new phase of development.

Related Material:
“Europe In 2013: A Year Of Decision”
Experts: Unemployment Will Rise in Euro Zone
Unemployment: The Threat Of Global Scale

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