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    ILO: Euro zone could lose another 4.5 million jobs

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    PressTV

    by PressTV

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    The troubled eurozone is in danger of losing an additional 4.5 million jobs over the next four years unless quick action is taken. The stark warning comes from a new report of the International Labor Organization, the ILO. Average unemployment in the euro area is 11 percent and for young people it’s over 21 percent. But in countries like Spain and Greece, about half of the youth is out of work.