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July 2012
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The Job Crisis in the Eurozone
11 July 2012
Austerity policies designed to cut debt in the Eurozone are resulting in a steady rise in unemployment, prolonging and deepening the crisis in the single currency area, according to a report from the ILO, "Eurozone job crisis: trends and policies responses". Unemployment in the Eurozone could reach almost 22 million over the next four years, unless appropriate measures are taken to boost growth and promote job creation.
