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