Eurostat, the EU's statistics office, said unemployment rose to 11.1 percent in May from 11 percent the previous month. May's rate was the highest since the euro was launched in 1999 and adds further urgency to the eurozone countries' plan to create economic growth and cut excessive government debt.The fact that those two goals simultaneously are self-defeating doesn't enter into the equation.
How's that workin' out for ya?
Austerity is so awesome!