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Highlights

Italian Unemployment Rate Rises for First Time Since 2003

Euro Central bankers think that’s a good thing for their fight against inflation. Unemployment was getting far too low for comfort.

France’s Woerth Maintains Economic Growth Forecast at 1.7%-2%

More than enough to warrant rate hikes.

French government wants more work hours

Trying to add supply to labor markets to keep wages ‘well contained.’

Zapatero Says Spain Suffering an ‘Abrupt Slowdown’

Spain had been growing too fast for comfort for the inflation hawks


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