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European Leaders Confront New Economic Concerns
Posted By kurtnimmoadmin On March 14, 2013 @ 3:59 pm In Global Crisis | Comments Disabled
March 14, 2013
European leaders are gathered in Brussels for another summit, facing new concerns that their austerity policies are adding to the continent’s unemployment problem and weakening the chances for an economic recovery.
Thousands of workers gathered outside the summit meeting place Thursday to protest the austerity policies that European governments have embarked on to cut their deficits and long-term debts. The European Union leaders were faced with a new report that the number of people working in the 17-nation euro currency bloc in the final months of 2012 fell to its lowest point in nearly seven years.
One Belgian union activist, Claude Rolin, says austerity measures hurt workers and damage economies.
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