Unemployment has been steadily rising, in spite of LTRO 1...we'll see if LTRO 2 makes any difference in due course...although, I very much doubt that it has any relevance or useful purpose in solving this growing problem.
Thursday, March 01, 2012
Europe's Unemployment Rate Spiked to a New 12-Year High
Data released this morning shows that the unemployment rate in Europe spiked to a new 12-year high, as shown on the graph below.
Unemployment has been steadily rising, in spite of LTRO 1...we'll see if LTRO 2 makes any difference in due course...although, I very much doubt that it has any relevance or useful purpose in solving this growing problem.
Unemployment has been steadily rising, in spite of LTRO 1...we'll see if LTRO 2 makes any difference in due course...although, I very much doubt that it has any relevance or useful purpose in solving this growing problem.