{"id":333,"date":"2014-01-15T23:16:20","date_gmt":"2014-01-15T23:16:20","guid":{"rendered":"http:\/\/republicirelandbank.com\/?p=333"},"modified":"2014-01-15T23:43:36","modified_gmt":"2014-01-15T23:43:36","slug":"european-banks-are-technically-bankrupt","status":"publish","type":"post","link":"https:\/\/republicirelandbank.com\/?p=333","title":{"rendered":"‘European banks are technically bankrupt’"},"content":{"rendered":"

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A new report by the International\u00a0Labor Organization\u00a0(ILO) says the Eurozone is in danger of losing 4.5 million jobs over the next four years, unless it changes its current economic policies.<\/strong><\/p>\n

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According to the report, if the 17-nation bloc does not prevent the spike by shifting away from austerity, the number of its unemployed workers will reach to 22 million.<\/p>\n

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\u201cIt\u2019s not only the eurozone that\u2019s in trouble, the entire\u00a0global economy\u00a0is at risk of contagion,\u201d the report said.<\/p>\n

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It also added that young people are to be severely hit by the unwelcome consequences of a longer period of austerity.<\/p>\n

Read full article on PressTV<\/a><\/strong><\/p>\n

MaxKeiserTV<\/a>\u00b7<\/p>\n

\u00a0‘European banks are technically bankrupt’<\/object><\/h2>\n

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