Press reports are banging the drum about capitalism's so-called recovery in that the Eurozone unemployment rate dipped slightly in April from 11.8 per cent to 11.7 per cent. It is difficult for young Italians to talk about economic recovery though. 'Italian youth unemployment hit a record 43.3 per cent in April, according to official figures. Although the overall rate was unchanged at 12.6 per cent on the month, the proportion of 15-24-year-old job seekers out of work rose to the highest level since records began in 1977, Eurostat data showed.' (Times, 4 June) Hardly a cause for celebration is it? RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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