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Chart of the Day: Fragmented EU labor market

Chart courtesy - Eurostat

This chart that regularly gets published by Eurostat, every month, shows how the labor market conditions in the Eurozone and the European Union have diverged.

The geography is similar, many laws are similar, especially the trade laws are same, so why the labor market conditions have worsened in the Eurozone compared to the EU since 2006 but more so after the financial crisis of 2008/09.

There could be many reasons for that but could the euro be one of them?

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