Euro zone Unemployment Rate Stable

Euro zone unemployment rate stable at 12.0% for the month of February. This was reported by Eurostat, the EU statistics bureau on Tuesday (2/4). The absence of an increase in employment, are likely to trigger the European Central Bank (ECB) to cut interest rates.

The figure is in line with predikis economists polled by Reuters, and is still the same as the rate in January. Data on the 17 countries that use the euro show 33,000 people lost their jobs in February, nearly 1.8 million more workers unemployed in the same time last year. The number of unemployed aged under 25 years rose to 23.9 per cent for the entire euro zone countries, for Greece and Spain increased by more than 50 percent.

After three years of austerity policies implemented to combat the economic crisis in the EU, some politicians finally warn that cost-cutting measures are factors that lead to increased unemployment and rising populist government.

"Preserving the savings only increase risk rather than reduce unemployment but instead creates uncertainty that the government can not do much so that when the time comes, populists will swallow them all," said the French president, Francois Hollande last week.

Terrible social impact due to the economic situation of Europe can provide the impetus for the ECB to lower interest rates on central bank governor meeting next Thursday. Accordingly analisadaily reported.

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