Eurozone Unemployment Deepening Dilemma - News Analysis

Official figures of European Union show Eurozone unemployment rate has hit an all-time high of almost 11%. The figure reported for January, is the highest level since the introduction of the common currency in 1999.
 

The rate is 23.3% in Spain, almost 21% in Greece, 15% in Portugal, also 15% in Ireland and almost 7.5% in Germany. It means close to 17 million people were out of work in the first month of 2012, and that's on paper.

In this news analysis, we will take a closer look at the unemployment rate, especially amongst different age groups, and examine whether the Eurozone is doomed, and how it is casting a shadow over the world economy, and its recovery. Source