By Euro Weekly News Media • 10 December 2012 • 16:01
THE UNEMPLOYMENT epidemic in Greece has overtaken Spain as it reaches the top of the table of unemployment figures within the euro area.
Driven by austerity policies and the global financial crisis, the unemployment rate has nearly tripled since September 2009 leaving 1.295 million
people without employment and this figure is set to increase with the predicted jobless figures increasing by a further 29 percent by 2013.
According to Eurostat figures, Spain´s unemployment rate was around 26.2 percent in October.
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