€xtreme Moves: Eurozone crisis far from over amid ravaging austerity & debts

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Published on Jan 1, 2014 by RT


This August, the Eurozone emerged from its longest recession since the euro was introduced - although economists aren't quite ready to pop the champagne to say goodbye to the crisis that first hit the bloc back in 2009. Top EU officials admit that growing unemployment - particularly that among young Europeans - puts the region's financial future at risk.

In Spain and Greece the situation is particularly drastic with over half of people under 25 out of a job. Both countries also rely heavily on Brussels for financial help - with Athens looking at the prospect of a third bailout deal. Across the region, people are weary of austerity cuts, and we've seen plenty of public discontent and mass protests. Covering the Eurozone crisis throughout the year has been RT's man in Berlin, Peter Oliver.

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