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Unemployment stays high in Europe
Jan 7, 2014

High unemployment has been the bane of most of the developed economies for quite some time now. This has been particularly prominent in Europe, which has also been grappling with massive government debt. Unemployment levels, particularly in Spain and Greece, have gone beyond the 25% mark. Though not as high, the 7% unemployment rate in the US is still high compared to its standards. Indeed, it is quite obvious that the loose money policies of central banks have done nothing in terms of improving job prospects. All it has done is inflate asset prices and government debt. The governments of these countries will have to focus on a more meaningful strategy that will address these structural issues and enhance economic growth going forward. But for the time being, most of them seem content with printing only money.

Source: The Economist

This Chart Of The Day was published in The 5 Minute WrapUp - Can the government fill this hole?

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