Data Source: The Economist

 

High unemployment continues to plague the Eurozone. According to the Economist, unemployment in the 17 member states stood at 12% in February. This is the highest in the region's history. Indeed, the chart shows that unemployment in Greece, Spain and Portugal was higher in early 2013 than what it was a year ago. Germany, on the other hand, fared much better. The biggest worry for the region is the rise in the number of youth unemployed. This could have serious implications going forward in the form of seething discontent and revolutions if the problem is not addressed sooner. But so far the region has shown no inclination towards this other than printing money to bolster growth.