You are currently browsing the tag archive for the ‘European Union’ tag.
In addition to Greece, several European Union member countries now face overwhelming government debt. Many of the countries with the highest debt levels relative to their gross domestic products have been hit hardest by the global recession. Greece, Ireland and Portugal all have unemployment rates above 14%.
Greece’s unemployment has surged to 20.9 percent. However, the youth unemployment rate spiked to 48 percent. The European crisis has obviously hit the under-25 age group hard.