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Eurozone unemployment rate hits record 12.2 percent

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People waiting in line at a government employment office in Spain. Fresh data reveal the eurozone unemployment rate has hit a record high of 12.2 percent in April, with around 19.2 million receiving government financial assistance as recession continues to take its toll on European economies. The Eurostat data agency said on Friday that a total of 1.6 million people have lost their jobs in the eurozone... 

3.26 million jobless in France in April: Labor Ministry

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An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people reached a record high of 3.26 million in April. The ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy increased by 39,800 last month, marking the 24th consecutive monthly... 

British military presence in Afghanistan costs UK taxpayer £15m per day

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British military vehicles are parked in a compound in Camp Bastion, Afghanistan. An independent study has found that the UK military’s presence in Afghanistan’s Helmand province, where most British troops are based, has cost the country more than 37 billion pounds so far, local media reported. The author of the damning study entitled “Investment in Blood” said failing, bloody campaign... 

Obama Pulls $5.7 Trillion Heist While Americans Remain Asleep

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Ever since Barrack Obama took office as the President of the United States (POTUS) governmental spending has been out of control, as the men behind the curtain seek to squeeze every last drop of lifeblood from this once great nation. Although in some peoples minds governmental spending has always been out of control, the Obama Administration takes the cake. It’s a known fact that the federal debt... 

EU must tackle youth unemployment: European ministers

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Young Spaniards protesting against the government in Madrid. European leaders have warned that youth unemployment in the European Union (EU) must be tackled urgently, as nearly one in four young people in the bloc is out of work. At a conference in Paris on Tuesday, ministers from France, Italy and Germany said if the issue is not addressed at once, the young people in Europe will lose faith in their... 

More Italians in grave economic condition, official figures show

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Official figures show that the number of Italians who are in a grave economic condition has increased to an alarming point, Press TV reports. Italy’s National Statistics Institute, ISTAT, said in a newly released report that at the end of 2012, around 15 million people were dealing with some form of economic hardship. The report added that over 8.5 million of those people were living in a seriously... 

Europe faces decade of stagnation: head of Bank of Canada

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Governor of Bank of Canada Mark Carney Governor of Bank of Canada has warned Europe that it faces a “decade of stagnation” if it does not apply sustained and significant reforms to put its fiscal house in order. Mark Carney issued the warning on Tuesday while making a speech to the Montreal board of trade. “Europe remains in recession, with economic activity constrained by fiscal austerity,... 

600,000 Greek children living below poverty line: UNICEF

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A woman holds her child as she begs outside shops displaying Christmas offers in central Athens. Almost 600,000 children in Greece are living below the poverty line, a UNICEF official says. “The situation is very worrying. The problems of poverty and social exclusion are increasing,” President of UNICEF in Greece, Lambros Kanellopoulos, said on Wednesday. Kanellopoulos added that the situation... 

Severe poverty strikes millions in Italy: ISTAT report

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Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, an official report has revealed. The report released on Wednesday by Italy’s National Statistics Institute, ISTAT, said the number of people considered seriously deprived has doubled in the past two years. The findings underlined the scale of the challenge... 

Italians protest austerity in force

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Demonstrators marching during a protest against austerity measures in Italy’s capital, Rome. Thousands of Italians have taken to the streets in the capital Rome to protest against tough austerity measures adopted by the government of Prime Minister Mario Monti. Thousands of anti-austerity demonstrators gathered in Rome’s Piazza della Repubblica on Saturday, expressing their anger at the government’s... 

Europe: Economy falling, nine countries are in recession

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The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession: Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia. The austerity policy imposed by the troika and the German government of Angela Merkel is sinking Europe. Eurostat data was released on Wednesday (15th) and are relative to GDP in the euro area in the first quarter... 

The Real Disgrace Of Athens: Homeless Epidemic Given No Attention

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The Mayor of Athens referred to Golden Dawn as the “embarrassment” of Greece, yet the Mayor goes back to being absent when it’s time to address serious issues such as homelessness. Because of the memorandum, Greece now is going through its worst period in modern history. Unemployment is through the roof, millions are impoverished, and yet new taxes are being levied by the system on those “lucky”... 

Greece's youth unemployment hits 60%

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Rise: A man walks outside a Greek Manpower Employment Organisation office,in central Athens. Greek youth unemployment rose above 60 percent for the first time in February Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout. Greece’s jobless... 

Is corporate power pushing Americans over the edge?

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Americans are now more likely to die by their own hands than from a car accident or a murder-related incident, a grim statistic that shines a light on abusive corporate practices. Judging by the latest data by the Center for Disease Control, something is driving Americans to become their own worst enemies: From 1999 to 2010, the suicide rate among US citizens between the ages of 35 to 64 soared by... 

Spaniards hold mass anti-austerity demos

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Thousands of demonstrators in Madrid take part in a Labor Day protest against the Spanish government’s austerity policies, May 1, 2013. Thousands of protesters have staged rallies in Spain to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. Spaniards took to the streets in some 80 cities in trade union-organized Labor Day demonstrations... 
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