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Posts tagged europe
Ireland’s recession misery amongst worst in Europe
Dec 16th
IRELAND‘S budget misery is the fourth worst in Europe, according to a new measurement devised by the credit ratings agency Moody’s.
The agency invented a “misery index” based on unemployment and inflation during the “stagflation” of the 1970s. In the present global crisis, Moody’s has produced an index based on unemployment and budget deficits. Spain ranks worst, followed by Latvia, Lithuania and Ireland.
The UK is sixth, behind Greece, but worse than crisis-hitIceland. Contrary to most perceptions, Italy has the second lowest “misery” level.
Unemployment in Ireland soars to second highest in EU-15 countries
Jul 14th
IRELAND has moved from having the second lowest unemployment rate among the EU-15 countries two years ago to the second highest, calculations from the OECD show.
Joblessness has risen faster in Ireland than anywhere else, reflecting the sudden collapse of the building boom.
The 11.7pc rate recorded for May is 85pc higher than the average for last year.