Italian Unemployment Soars WAY Beyond Expectations And Hits An All-Time High

Alberto Pizzoli / AFP / GettyJust a quick reminder of the abject terribleness of the European economy, and the Italian one in particular.

Italian unemployment just came in at 12%, which is well beyond expectations of 11.6%, per ForexLive.

That’s the worst level since they began tracking this in 1977.

So yes, horrible.

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