Now Reading:

Eurozone job warning from ILO


Eurozone job warning from ILO


The International Labour Organisation has warned the eurozone could lose another 4.5 million jobs over the next four years, bringing the total number of people who are without work in the region to almost 22 million.

The UN agency said the way to avoid that was with changes to austerity programmes.

In its report the ILO said: “Unless targeted measures are taken to increase real economy investments, the economic crisis will deepen and the employment recovery will never take off.”

“The report shows that by embracing a eurozone growth strategy with jobs at its core, a recovery is still possible,” the ILO document added. “But the window of opportunity is closing.”

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article