While the talking goes on the unemployment in Europe keeps rising
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Figures published today by Eurostat, the statistical office of the European Union, show European unemployment continuing to rise.
The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 11.1% in May 2012, compared with 11.0% in April4. It was 10.0% in May 2011. The EU271 unemployment rate was 10.3% in May 2012, compared with 10.2% in April4. It was 9.5% in May 2011.
Eurostat estimates that 24.868 million men and women in the EU27, of whom 17.561 million were in the euro area, were unemployed in May 2012. Compared with April 2012, the number of persons unemployed increased by 151 000 in the EU27 and by 88 000 in the euro area. Compared with May 2011, unemployment rose by 1.952 million in the EU27 and by 1.820 million in the euro area.
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Couldn’t they unemploy three people – Angela Merkel, Jorg Asmussen and Mario Draghi – then change policies to let the rest keep their jobs?
The aftermath of the global financial crisis shows that most of the western world, including the EU and USA, are no longer functionally democratic. We now have Corporatocracy, where we the voters elect politicians, who then obediently follow the orders of the corporations that bankrolled their election, regardless of what they promised us during the campaign. Fraudulent bankers have not been jailed. Taxpayers are forced to bail out their banks instead and if, as in Europe’s case, there is then not enough money left to maintain government jobs, they are sacked.
How long before the reintroduction of serfdom?
@ Socrates, it often amazes me how many apparently rational people in (nominally) democratic countries still believe that elected governments run the nation or the state.
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