The tough times continue in the eurozone, including in the pro-austerity Germany. Italy and Spain are back in recession (along with the UK, who is outside of the eurozone) and the overall unemployment rate is increasing in the eurozone. In addition, Spanish youth unemployment has now crossed over 51%. More on the faltering economies of Europe via the BBC:
For all 17 nations in the eurozone, the jobless rate rose again to 10.9%, from 10.8%, Eurostat said.
And the jobless rate in Germany - the largest and strongest economy in Europe - unexpectedly also increased.
Germany's jobless rate rose to 6.8% in March, official figures showed, having been expected to stay at the previous month's 6.7% after six months of declines.