While Cyprus has been dominating the headlines in the eurozone , the monetary union faces another longer-term problem. The jobless rate in the 17 countries using the euro has just hit 12 percent for the first time, and that jobs market crisis could be more dangerous as the numbers are getting worse each month.
At the same time it looks like Cyprus is coming back to life: the island’s banks re-opened after imposing a levy on deposits and banking restrictions. Does it mean that the problem is really solved and the crisis is over?
We report on those stories and discuss them with Nejra Cehic from Bloomberg in this edition of Business Weekly.
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Wires > Business
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- 18:58 CET Tame U.S. inflation bolsters Fed caution on rate hikes
- 18:47 CET EU watchdog says clearing houses resilient, tougher daily checks…