April 01, 2005

Scary EuroSoc Fact of the Day

The Telegraph, writing about the EU's sad joke of a process to liberalize service employment buries this bombshell on paragraph 13

Last Monday, Sweden's largest trade union admitted that the official 5.5 per cent unemployment rate is hiding a "real unemployment" of 20 to 25 per cent, which includes those claiming long-term sick pay or having taken early state retirement.

I can't even begin to imagine what a 25% unemployment rate would do to this country. This is depression level unemployment in any normal context but for Sweden, it's just another day of eurosocialism business as usual.

The really infuriating part is that you can still find people that, to this day, claim that Sweden is a model society pointing the way towards a peaceful implementation of socialism.

25% unemployment, amazing.

HT: Marginal Revolution

Posted by TMLutas at April 1, 2005 12:37 PM