The most important issue facing the European Union today is unemployment. Specifically, the high rate of unemployment among young workers, which risks undermining skills, investment in education and is driving an increase in political instability.
Analysts at HSBC looked at the dire state of the EU’s employment market in an economic research booklet on the continent published earlier this week. And the figures published in the report are quite concerning.
The European unemployment problem
Unemployment has fallen steadily across the Eurozone during the past three years from a high of 11% in April 2013 to 8.6% in May 2016. However, while the unemployment rate is moving in the right direction, worrying trends are developing.
What Role Does the ECB play in...
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