Posts Tagged ‘France’

Political crisis in Europe

Political crisis in Europe

Political crisis in Europe

The recent years marked by economic problems and austerity measures are now reflected in the politics. The countries leaders and their parties started to pay for their disastrous management that brought Europe on the brink of disaster.

The best example is France, where the conservative incumbent Nicolas Sarkozy lost the presidential elections to socialist party candidate Francois Hollande. The new French president is against austerity and stated that he wants to change the current approach for euro-zone which is based on cutting the government spending and reducing the sovereign-debt. (more…)

The world unemployment rate is still rising

The world unemployment rate is still rising

The world unemployment rate is still rising

Although some countries are not affected by recession, the unemployment is rising around the world. In the European Union, the 16 countries that use euro have an unemployment rate of 9.6% (Aug 2009). In the top 30 wealthiest countries in the world Spain is the last, having a 17.6% unemployment rate, while Netherlands leads with 3.2%.

In U.S. the unemployment rate reached 9.8% in September, this level being the highest in 13 years. Most economists are still pessimists and estimate that in 2010 the rate will reach over 10%. They also say that will take at least three years for U.S. to go back to the same figures as before the crisis. (more…)