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Hamish McRae: No one does luxury like Europe but it takes more to spur growth

So what is Europe good at, aside from being world leader in creating unemployment? Those figures at the end of last week showing unemployment in the eurozone rising yet further, to 12.2 per cent, with youth unemployment topping 40 per cent in Italy, Portugal and Spain, make one wonder how on earth much of Europe will manage to avoid a lost decade of opportunities, particularly for its young. Reported by Independent 6 hours ago.

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