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Eurostat discovers that the EU has at least €12.5 TRILLION Debt

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The 28 member states of the European Union (EU) have a total debt burden of €12.5 trillion, which could be even bigger, according to the latest figures from the EU statistics office, Eurostat. Data shows that in the third quarter of 2017 the EU’s debt-to-GDP ratio fell from 82.9 percent to 82.5 percent when compared with the same quarter of the previous year. Greece’s general government-debt-to-GDP... 

Just 1.4% of Migrants Arriving in Italy Are “Syrian Refugees”

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New figures show that just 1.4% of migrants arriving in Italy are Syrian refugees, confirming the fact that the overwhelming majority of people flooding into Europe are economic migrants from countries not at war. The numbers, obtained by Westmonster via Eurostat, the official body tasked with provide statistical information to the institutions of the European Union, underscore how the true nature... 

Anti-austerity rally held in France

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Demonstrators hold a banner that reads “No to the austerity, yes to the social Europe” during a rally in Paris on September 30, 2012. Angry people have taken to the streets of French capital Paris in protest to the government’s economic policies, Press TV reports. “Economic policies across Europe are clearly meant to serve high finance and to create tax breaks for businesses. But... 

26 million in EU, eurozone remain unemployed: Eurostat

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Official figures show that unemployment in the European Union (EU) has increased during the 12-month period ending in January 2014, with around 26 million people jobless in both the EU and the eurozone, Press TV reports. The EU statistical agency, Eurostat, said in its latest report that unemployment in the EU rose by 17,000 over the one-year time span. More than 26 million people of working age were... 

Poverty sends Germans to campgrounds

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The rising unemployment rate in Germany has forced an increasing number of people to permanently move to campgrounds in an attempt to save money. According to a report published by Spiegel Online International on Wednesday, thousands of people have transformed campsites from holiday spots to residential communities. They say they cannot afford living in urban areas. “Over the last 10 years, more... 

Eurozone collective debt hits new record high of 92.2%

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Europe plunged into financial crisis in early 2008. Official data show the collective debt in the eurozone has hit a new record high of 92.2 percent in first quarter of 2013, as the 17-nation bloc continues to grapple with a worsening financial crisis. The data released by Eurostat, the EU’s statistics office, on Monday showed that government debt as a share of the total annual GDP of the eurozone... 

Greece March Unemployment Rate Hits New Record 26.8%

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The unemployed make up nearly 6 in 10 young people under 25 years of age – unemployment continues to climb. The nightmare of unemployment does not end, especially among young people. For another month, Greece is … “the champion” in unemployment, with 26.8% of the working population without a job. 26.8% is an increase from the month before, February was 26.7% according to figures released... 

Eurozone unemployment rate hits record 12.1 percent in March

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Eurozone unemployment rate hits a record 12.1 percent in March 2013. The Eurostat data agency says eurozone unemployment rate has hit a record-high 12.1 percent in March, up by 62,000 from the previous month. According to the data, some 19.2 million people in the eurozone are receiving government financial assistance. As the jobless rate in the 17-nation eurozone climbed for the 23rd consecutive month,... 

Greece unemployment rate jumps to 26 percent

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Jobless Greeks wait outside an unemployment bureau in the capital Athens. The official Greek unemployment rate has risen to 26 percent as the near-bankrupt eurozone country heads toward a sixth year of recession. The Greek statistics office ELSTAT announced on Thursday that the jobless number rose to 1.295 million in September, pushing up the unemployment rate from 25.3 the previous month and 18.9... 

Eurozone jobless rate at record high of 11.7% amid debt crisis

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Workers marching in downtown Naples, in southeast Italy, during a protest to demand new job opportunities. Official data show that the unemployment rate in the eurozone hit a new record high of 11.7 percent in October as the 17-nation bloc continues to grapple with a worsening financial crisis. The Eurostat data agency said on Friday that a total of 18.7 million people were out of work in October,... 

Eurozone’s unemployment at record high amid debt crisis

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People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

Eurozone unemployment rate at record high in May

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People wait in line at a government employment office at Santa Eugenia’s Madrid suburb on January 27, 2012. New data released by the European Union show that the unemployment rate in the eurozone hit a record high of 11.1 percent in May. According to EU’s statistics office Eurostat, more than 17.5 million Europeans were without a job in the single currency area in May. The figures indicated... 

Eurozone unemployment rate hits record high of 10.9%

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Jobseekers queue at a job center in Madrid The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show. The European Statistics Office, Eurostat, announced on Wednesday that almost 17.4 million men and women, over three million of whom were under 25, looked for work in the zone in March which is about 170-thousand more... 

Eurozone unemployment rate hits record high of 10.7%

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Official figures by the Eurostat data agency show the eurozone unemployment rate has hit an all-time high of 10.7 percent in January 2012. According to the latest figures released on Thursday, more than 16.9 million men and women were unemployed in the euro area in January. The latest number of unemployed people in the eurozone in January increased by 1.4 million compared with the same month in 2011. Meanwhile,... 

Eurozone Unemployment at Record High

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Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain. Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency. Eurostat figures... 
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