Unemployment in the Eurozone reaches a new high
Unemployment in the eurozone has reached record high of 12.2%, according to official figures released today, which you can see here. An extra 95,000 people were out of work in April in the 17 countries that use the euro, taking the total to 19.38 million. Both Greece and Spain have jobless rates above 25%. Anyone in Britain who is cheering about the problems of the Eurozone is seriously out of touch with reality. It is a human tragedy for the people out of work, and for their families. And it is bad news for Britain, because it will have a negative effect on British exports to those countries and slow down the recovery of our own economy. But, and I can say "we told you so" as someone who was involved from day one of the "Keep the Pound campaign" (I was constituency Conservative chairman in St Albans when William Hague parked his lorry in St Albans market place to kick off the campaign), thank God we won the battle to stop Britain joining the Euro. Bri...