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29th Mar 2024

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Youth unemployment exceeds 30 percent in eight member states

Youth unemployment rates surpass 30 percent in Greece, Ireland, Latvia, Lithuania, Italy, Portugal, Slovakia and Spain, the European Commission said on Tuesday (31 January). Eurostat figures show that in December 2011, the youth unemployment rate was 22.1 percent in the EU27 up from 21.0 percent in 2010.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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