The EU is an economic failure. Over 20 million unemployed

The EU is an economic failure. Over 20 million unemployed

Published on Tue, 22/04/2014 - 15:28

The EU experiment has been a disaster, particularly for young people. Unemployment on the continent is at record levels.


The one-size-fits-all Euro currency has almost destroyed the economies of Greece and Spain. A whole generation has been cheated by Eurocrats living it up at tax payers’ expense. Huge numbers of young people are deserting their own countries and heading to Britain.


THE HUGE gap in economic fortunes between workers in different parts of Europe was laid bare yesterday, as new figures from Brussels showed unemployment rates stretching from 2.6 per cent in parts of Germany to a staggering 36.3 per cent in southern Spain.


Jobless rates also vary within the UK, but overall the labour market is faring relatively well. Eight British regions have an unemployment rate that is half the EU average, or lower.


The latest UK labour numbers are released this morning, with analysts at Societe Generale forecasting a drop in Britain’s unemployment rate from 7.2 per cent to 6.9 per cent in the three months to February.


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The EU average is 10.8 per cent, Eurostat said.


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