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Job losses in the EU, warns BUSINESSEUROPE, are expected to reach 4.5m this year, with Spain and the UK each accounting for almost 1m unemployed people. By 2010 Europe’s unemployment rate could reach 10%. It will not strike every EU country equally, but it is clear that the majority of them will be faced with unemployment rates of over 10% by the end of this year. Forecasted unemployment in countries like Spain could rise to 16-19% by December. Has the crisis shown that “a European economy” is just a pipe dream? |