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Unemployment in Euro Zone May Touch 22 Million

By Jacob Lender Subscribe to RSS | July 19th 2012 | Views:
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According to the researchers of United Nations, they have given a warning that the number of people out of job that is unemployed all over the euro zone may touch the high mark of 22 million in a span as little as 4 years. This is going to continue until and unless the policy-makers do not undertake any kind of a coordinated action.

Because of the jobs crisis in the whole region, the feeling of social unrest as well eroding confidence in the banks are on complete high, which are also inclusive of governments as well as the other European institutions, this is causing a major threat to the future of the euro. This revelation has been made by a report from the International Labor Organization that is ILO, which is an agency of a UN. The ILO had to say that without making any sorts moves in order to avert the deepening economic turmoil that is present in the whole of the region, the problem of unemployment may go up from the present level of 17.4 million by another loss of jobs of about 4.5 million.

Juan Somavia, the director-general of ILO was of the view that until and unless the concerned authorities do not set up any kind of targets and take the required measures for it in order to make the needed investment in the economy, the problem of financial crisis is only going to get worse and the level of employment is also never going to go high. In addition to this, he also had to say that there is a requirement of a global consensus on a fresh road for job-intensive growth as well as globalization. And if nothing is done with the problem seedling in deeper, it is not only going to have a negative effect on the euro zone but also on the whole of the economy of the globe. Apply now with text loan lenders @ http://www.textloanlenders.org.uk/ and meet all the urgent expenses by getting easy funds.

The ILO has given a call for moves in order to get to lending support to small firms in member countries of the euro-zone as well as the introduction of a “youth guarantee” which will be backed by the funds from the side of the government in order to focus the support for young job-seekers. If the above actions are not taken, then according to ILO, then the fall-out in the labor market is also going to hit the young job-seekers in quite a bad manner, particularly.

Jacob Lender - About Author:
Jacob Lender is an expert financial adviser. He writes articles on text loans & instant text loans for more visit site: - http://www.textloanlenders.org.uk/

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