The chairman of the 16-nation eurogroup, Jean-Claude Juncker, has warned that job losses will escalate this year despite measures taken by EU leaders in recent months to boost the economy.
"There's a risk of mass layoffs by the end of the year," he said while addressing a conference in Brussels on Wednesday (15 April) organised by European trade unions.
Mr Juncker, who is also the prime minister of Luxembourg as well as chair of the eurogroup - the EU nations using the euro curr...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login