After years of austerity the European Union has finally signalled a shift towards growth policies in a belated attempt to restart its economy, but has admitted that economic recovery will not take place any time soon.

New figures released by the EU’s statistics agency, Eurostat, on 31 May, revealed that unemployment was continuing to grow across Europe. According to the figures, unemployment in the Eurozone now stands at 12.2%, with the overall rate of unemployment across the EU 27 ...

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