An austere 2012

di Luca Macedoni

We are getting used to a constant flow of depressing macroeconomic data. On January the 31st Eurostat released the latest news on unemployment: in December 2011 10.4% of the working population in the Euro Area was looking for a job. This value, that is the highest since 1999, is even worse for young workers: the youth unemployment in the Euro Area is 21.3%, with an Italian peak of 31[1].

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