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The EU has yet to overcome the economic crisis and many countries are starting to blame Germany, writes Rzeczpospolita. The latest Eurostat data shows that one in every nine Europeans is without a job, but figures for some countries are much more alarming than the EU average, with unemployment in Spain and Greece still hovering at around 27%. According to the daily —
The situation won’t improve any time soon, as the economic recovery is weaker than expected.
On November 5, Brussels once again lowered its 2013 growth forecast for the eurozone from 1.2 per cent to 1.1 per cent, while Economic and Financial Affairs Commissioner Oli Rehn admitted that it is too early to announce a victory when unemployment remains at an “inadmissible level”. Meanwhile a growing number of crisis stricken countries are critical of Germany, which has –
… taken advantage of a record-low interest rates to reduce public debt and boost exports instead of strengthening, as others would like it to, domestic demand.
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