The woes of the Euro-Zone seem to be deepening. Already bereft with the problem of bailing out 5 countries of the union, now the European Union (E.U) seems to be sinking altogether. The latest data shows that the factory output is declining and the unemployment rate is on the rise . The only country that looked like going strong till of now i.e. Germany too now started to lag on the manufacturing indices. It is not far back, that hopes were laid upon Germany, to the extent that it would come to the rescue of the Global economy that is sinking into recession. German chancellor, who was unable to take this whole load of expectations, was forced to declare that, Germany alone could not shoulder such a heavy responsibility. Then came the turn of China, to announce for itself, on the same lines as Germany did, that for it too the onus of rescuing the whole world from the recession is too much of a burden.  Now in the month of May the European Union’s unemployment rate rose to 11.1%, from the level of 11% in the previous month. The total figure of those who lost employment turns to be 88,000.The number of unemployed in E.U now is the highest ever after the data began to be collected in 1995.More alarmingly, the unemployment rate in the below 25 age group is about 23%.  In the same backdrop a joint survey of the U.K’s Guardian daily and the London school of Economics; found out that, the British police are expecting another round of outburst of rioting in London in this summer. The Reason cited for this bleak projection is the increasing hardship of the people, in their economic lives. Sad that the continent that led the mankind  into the era of enlightenment and industrialization;  now turns out to be the one, which is the ' severest affected in the present global recession.

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