European unemployment just broke above 12% for the first time ever and European youth unemployment remains miserably above 24%. And while 1-in-4 under-25s unemployed is a bad enough statistic in terms of likely emergence of social unrest, the individual countries are in general deteriorating once again at a faster rate. French youth unemployment has risen for 13 months in a row to a record 26.5%; Spain (at 57.2% of under-25s unemployed) is catching up fast to Greece’s stunning 59.1%; but perhaps the most concerning for the broader economies is the fact that Italy’s youth unemployment has now topped that of Portugal at 38.4%.
“The demonstration is taking place almost exactly a year after police detained hundreds in a four-day march against a temporary ban on protests in Frankfurt last June.
Blockupy protesters are also protesting against other issues, including food price.” -RT.com
Thousands blockade European Central Bank in Frankfurt
Published time: May 31, 2013 08:12 http://rt.com/news/protest-austerity-troika-frankfurt-042/
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