The human cost of the Single Currency

The chart below is  a powerful rebuttal of the so-called blessings of being part of the EU – and the single currency in particular. Germany is doing very nicely from the €uro, but the human cost of the single currency in other countries is immense. Two in five young people are still out of work in Greece. At one point, the figure was more than three in five.

Although not a “Club Med” member, Finland has youth unemployment of over 20% and non-Eurozone Denmark and Sweden have higher overall and youth unemployment levels than non-EU Norway. The USA, also included for comparison, is doing better still, although Switzerland has even lower unemployment.

The UK comes out pretty well. Keeping control of our own currency has definitely helped us weather the Great Recession better than the major €urozone economies, Germany excepted. Had we never joined the EU, who knows, we may have had a better economy than Switzerland

Photo by Sinn Féin

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  1. Russell HicksReply

    EU unemployment is an utter disgrace. With open borders that unemployment is finding its way to Britain. What UTTER nonsense that our young people can travel to Europe to find jobs – what jobs? That’s just more EU propaganda which our pro-Brussels politicians regurgitate almost daily.

  2. Gordon WebsterReply

    I have no doubt that the new £1 coin was all part of Cameron’s preparation for taking us into the Euro, just as making the Bank of England was.

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