Posts

Showing posts from October, 2013

US and Euro Crisis: Pandora’s Box

Europe and United States of America have long been the dream-destinations for people in the developing parts of the world. Now, those economies have been facing turbulence impacted each region of the world. They have not been silent observers; it’s just that their efforts have not worked out well. Euro area is still facing a high level of unemployment and it is too frustrating to acknowledge that the recovery seems almost invisible in the straight economic highway of the region. Structural unemployment has become tedious challenge for the European economy because the organizations have not been able to generate the required jobs in the market meeting the job demand. At a glance, this situation looks like provoking the social imbalance and insecurity very soon as the situation is adversely affecting the social security of the region. A bigger threat is that the recovery measures are not working well and this situation would worsen the unemployment situation in the coming years too...