Nothing surprising in EU unemployment rising

 

The news that EU unemployment is rising contains no surprising elements. The EU economy is paralyzed by a super bureaucracy and high taxes. And nothing of this is to change soon. In fact the EU economy is going down for many years. But all this time there was a compensation called "government spending". The governments have been taking loans and spending them to create this way artificial jobs for their people. With this Ponzi scheme crashing, there is an expected loss of jobs. In fact this is just closing the artificial public services jobs and also the jobs financed by the salaries of artificial workers in public sector. EU is doing nothing to create real jobs in the true economy. So the increase in unemployment rate in future is inevitable...

Dobri

 

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