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Europe’s Unemployment Crisis

In: Britain, Europe and EMU

Author

Listed:
  • Walter Eltis

    (Exeter College
    University of Reading)

Abstract

Unemployment in the European Union averaged 9.4 per cent in May 1999 compared to 4.2 per cent in the United States and 4.7 per cent in Japan. It was 16.2 per cent in Spain, 12.0 per cent in Italy, 11.2 per cent in France and 10.5 per cent in Finland, and it exceeded 8 per cent in Belgium and Germany, which was far higher than in the United States and Japan. Why do most EU economies now have much higher unemployment than the United States and Japan?

Suggested Citation

  • Walter Eltis, 2000. "Europe’s Unemployment Crisis," Palgrave Macmillan Books, in: Britain, Europe and EMU, chapter 5, pages 101-130, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97755-2_5
    DOI: 10.1057/9780333977552_5
    as

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