Anti-austerity protesters took to Europes' streets Wednesday to voice their anger
at measures implemented by governments to try to control their debt. Tens of thousands
of demonstrators also marched through the streets of Brussels toward European Union
buildings. The march in Brussels took place just as the EU Commission proposed new
penalties to punish member states that have run up deficits, mainly to fund social
programs in a time of high unemployment.
Senior Fellow in Economics, at UK
based research institute, Chatham House, Vanessa Rossi told Vatican Radio that jobless
figures in some European countries are a cause for concern. “Germany came through
the recession with very little change in its unemployment rate.” But she said,
“if we take the worst cases particularly where property sectors have been crashing
in Spain, in Ireland, in Greece, then these countries are seeing unemployment rise.”