Examining the big issues facing the global economy, Business Daily demystifies the world of money.…
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Rising rich-world unemployment is at its worst in Spain, where nearly half of the country's under-25s are out of work. In Business Daily we hear from the Spanish youths who now fully expect to have to emigrate just to get a job. But with everyone else in trouble, where will they go to find work? We hear expert analysis of the scourge of unemployment from Charles Jenkins of the Economist Intelligence Unit and Barry Bosworth of the Brookings Institution in Washington. What does rising unemployment imply for western nations hopes of recovery? And what's the politicians' plan - if there is one - to get us out of this mess? Economist Irwin Stelzer reflects on the eurozone's much-maligned failure to decisively tackle the region's sovereign debt crisis. Is "kicking the can down the road" a smart response after all?
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