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Record Unemployment, Low Inflation Underline Europe's Pain


Ron Burgundy
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Job seekers line up as they wait for an interview during the 8th job forum dedicated to recruiting in NiceBy Robin Emmott and Ingrid Melander BRUSSELS/PARIS (Reuters) - Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, stepping up pressure on EU leaders and the ECB for action to revive the bloc's sickly economy. Joblessness in the 17-nation currency area rose to 12.2 percent in April, EU statistics office Eurostat said on Friday, marking a new record since the data series began in 1995. ...




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