Human Wrongs Watch
By Roberto Savio*
Rome, May 2013 — The European Union has asked its citizens to brace for further economic misery. In a report on European economic prospects released on May 3, the European Commission said that further deterioration is expected to last at least until 2015. But, as every such report says, things will then get better!
Unemployment in the euro area is expected to climb to 12.2 percent this year, up from 11.4 percent last year.
In Spain, unemployment will rise to 27 percent, up from the 25 percent of last year; in Portugal it will rise from 15.9 to 18.9 percent; and after three brutal years of suffering, in Greece it will climb by 2.7 percent to 27 percent.
The trend will become devastating for young people: in Spain alone, it is estimated that 52 percent of young people will be without a job. We are creating a generation that will probably never get back on track.
The same trend is happening also in the rich countries of northern Europe, which are being brought down by the reaction of imports from impoverished southern Europe.







