eurozone debt crisis News
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Madrid -
The euro zone big picture is a bit dimmer in terms of unemployment than it was a month ago. According to Eurostat, the European Union’s statistics facility, in a report out Wednesday, about 146,000 additional workers lost their jobs in September.
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Sydney -
The likelihood of a Greek default has been causing shudders around the world. A small economy’s debt has terrified the finance markets. The risk of a Greek default, followed by further defaults is the bug eyed monster, but there’s a good side.
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As the various countries that make up the European Union struggle with austerity measures, British Prime Minister David Cameron says there is worse to come.
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Spain's unemployment rate rose to 22.9 percent, that is the highest figure for 16 years and represents a staggering one in four of the workforce out of a job.
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Prime Minister David Cameron has made it clear that British interests will not be compromised in a bid to solve the eurozone debt crisis through an EU treaty change.
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A sign of the times in Europe.
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