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 Let them eat croissants: France Unemployment Surges To 16 Year High

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Let them eat croissants: France Unemployment Surges To 16 Year High Vide
PostSubject: Let them eat croissants: France Unemployment Surges To 16 Year High   Let them eat croissants: France Unemployment Surges To 16 Year High Icon_minitimeThu Dec 05, 2013 7:35 pm
Europe's second largest economy and crucial to the core founding partnership of the euro project, France, has seen its unemployment rate rise unceasingly for 9 quarters in a row now. At 11.03%, French unemployment has not been higher since Q3 1997. Of course, President Hollande, despite falling PMIs and rising unemployment is hopeful that things are turning around as he notes, France is "now in a phase of stabilization that remains very fragile." Some optimism can be taken from the relative stability in youth unemployment for a change but the over-50s unemployment reached an all-time high of 8.2%.

Let them eat croissants: France Unemployment Surges To 16 Year High 20131205_france_0

http://www.zerohedge.com/news/2013-12-05/france-unemployment-surges-16-year-high
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Let them eat croissants: France Unemployment Surges To 16 Year High

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