MINISTRO DA INFRAESTRUTURA MARCELO SAMPAIO – PÂNICO – 01/07/22

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Unemployment in Europe at Ten Year High

Unemployment levels across Europe have soared, leading to the highest Eurozone unemployment rates for a decade. The figures relate to the 16 counties across Europe which are using the Euro, a currency which has fared well throughout the global recession. Unfortunately the job market has not fared quite so well.

Is This the Great Depression Again?

The difference between what happened during the Depression and the current recession is the foreclosure element. During the time of the Depression, there was more of a class distinction than there is now. The middle class did not exist. People were either of the working class and on the poor side, or had a great deal of money.