According to official European statistics agency Eurostat, the unemployment rate in countries using the euro currency has reached 12%, a new record. More than 19 million men and women are unemployed in the eurozone as of February 2013. Compared to February 2012, there are 1.775 million more unemployed people in the eurozone. For the whole European Union, in February 2013, the unemployment rate reached 10.9%, compared to 10.8% the previous month. There are now almost 26.4 million unemployment men and women in the EU. Young Europeans are the worst hit by this mass unemployment. In February 2013, the unemployment rate for under 25s hit 58.4% in Greece (data for December 2012), 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy. Source: Euronews.com