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Greek unemployment hits record while French jobless rate reaches 10pc – Telegraph

By Louisa Peacock

Eurozone unemployment marched higher on Thursday as Greek joblessness reached a new record and France’s jobless rate hit the psychologically damaging 10pc mark.

Greece has been struggling through a financial crisis for the past two years, and has been relying on billions of euros in international rescue loans from other eurozone countries and the International Monetary Fund since May 2010 Photo: Bloomberg

Greece’s unemployment rate shot up to 21.9pc in March, rising sharply from the 15.7pc rate in the same month last year and up from 21.4pc in February, the country’s statistics agency said…

Elsewhere in the crisis-hit eurozone, France’s unemployment rate rose to about 10pc in the first quarter, up from 9.8pc in the previous three months, according to Bloomberg.

via Greek unemployment hits record while French jobless rate reaches 10pc – Telegraph.


This Week Will Tell If The Bear is Really Coming Out of Hibernation

Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes.

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