Unemployment is at a 2 decade low of 5.5% in Germany. It’s only 4.1% in Austria. The jobless rate across the Euro Zone reached a record high of 10.3% with the highest rate of unemployment being 22.8% in Spain. This highlights the north/south divide in the Euro Zone. Germany can’t prevent everyone else from falling into a recession. That’s why the ECB plans to lower interest rates next week.
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