E U – Slow Recovery and High Unemployment

The unemployment rate in the Eurozone was 12.1% in June

This means 19.3m unemployed people which is 24,000 lower than in May

The IMF says that Greece will need approx. $14.5bn in bail-out loans

Benchmark interest rates were unchanged at 0.5%p.a.

Source of information: Financial Derivatives Company Limited

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