Eurozone unemployment hits 10%

According to Eurostat, 15.8 million people - one in ten - are now out of work in the 16 countries using the euro. It was previously thought the number out of work hit 10% in November, but this was subsequently revised to 9.9%. Spain, which saw its unemployment rate rise to 19.5% in December, tops the unemployment table in the Eurozone. In the European Union as a whole, comprising 27 countries, the number out of work has hit 23 million. Meanwhile, the German economics minister issued a warning at the Davos summit that heavily indebted states such as Greece pose a threat to the ec...