1. Eurozone jobless hits ten-year high
(Archived/News/Economy)

Unemployment in the 16-nation euro zone has climbed to 9.5 per cent, its highest rate in a decade, EU data show.

2. Europe to suffer 'deep recession'
(Archived/News/Economy)

The European economy will shrink nearly two per cent this year as a severe recession drives unemployment and government deficits to levels not seen for years, the European Commission (EC) has forecast