Home > Eurozone Crisis, unemployment > Meanwhile in Europe…(21). Unemployment, time to panic edition.

Meanwhile in Europe…(21). Unemployment, time to panic edition.

November 5, 2011 Leave a comment Go to comments

from Merijn Knibbe

At the very moment that I’m writing this, European unemployment may already have hit a new record. In september the old record of 10,2% was reached. And that’s not all. The number of unemployed has been increasing for seven months in a row. Youth unemployment in Greece and Spain is well over 40%. Differences within the Euro area are increasing at an astonishing speed. In countries like Germany, Austria, Belgium and the Netherlands unemployment has declined, up to about July 2011. In some other countries, however… see the graph. 

Germany accomplished no mean feat, by the way. It’s 2005 unemployment rate was by far the highest of the euro area but it is at present one of the lowest, probably partly thanks to the Euro. Laudable as that is – what happened in Greece and Spain can happen in Italy, too. Thanks to the Euro.

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Categories: Eurozone Crisis, unemployment
  1. Bruce E. Woych
    November 5, 2011 at 1:43 pm | #1
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    The rest of the world has been way ahead of us with this crisis in degradation and poverty. We now see the consequences of accepting a financially nested hierarchical power elite leadership that sustains itself in a parochial and complacent bubble until a crisis appears. It is almost NORMATIVE to now admit that the cost is accumulated and pushed over to the public sector. Yet no serious corrections are presented from the base of intellectuals who stand by and track the scene like a sideline sport caster for a consolidated news and media system.
    This exploitation cycle has been happening for 200 years now…there is no excuse for not evaluating this under true constructive analysis. The G20 is not going to generate a solution to a problem that is as big as a virtual World War itself. It will only shift the pressure points and the flash points of opposition will become justifications for armed suppression. The assessments will segment and we will get more reports about how the top financial sector is being stabilized. This is essentially a three card Monty game in dressed up black tie ornamentation. The real evaluation is fracture, fragmented and segmented into sectors of disposable demographics while the monetary graphics upheld the “supremacy” dogma, policies and doctrines that have brought us the stupid “cover line” of too big to fail as a “real” entity in our mindscape. The truth is that the social landscape is failing at the price of maintaining this monumental and colossal human error that we pay tribute to without recourse at the end of the day. it is insidious and backed by “legislative easing” that a coalition of power politics drive forward upon us as some blind institutionalize trust.

    Under the color revolution game of some false front representations, misinformation / disinformation from a politically entrenched media, we are caught and held captured by a web of predator corporate dynasties. So what is the categorical “unemployment” statistic but a pressure gauge for a gilded lie and a deceptive run away train that should have been recognized 5 years ago with serious interventions… but we were too mesmerized to stop them from pushing down on the throttle and moving their agenda full speed ahead.

    Unless the intellectual community begins to assess the ground working process with complete “follow-through” on the consequences of “externalities” and real proposals for a reconstruction, we are at the mercy of a time line that draws and ever greater noose around our own necks. If we do not act to participate now; a very dark era is upon us and our children’s children to come.

  2. Helge Nome
    November 5, 2011 at 5:00 pm | #2
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    One hopes that the number of people that realize what is going on will grow steadily in the time ahead and simply not accept what is being done to them/us. The bloody mindedness of the 1% will ultimately become its undoing, as in the past.

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