Europe spends big to protect workers during pandemic restrictions
05 May 2020 - 10:58
Zurich/London — European governments have had to spend big to protect workers during the coronavirus restrictions, but the huge burden on the public finances looks like it is worth it.
More than 40-million workers have been furloughed during the shutdowns, based on data from the region’s biggest economies, getting a portion of their pay covered by the state. Without the government support, many might have lost their jobs, sending unemployment soaring to levels never seen before...
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