Eurozone unemployment reaches new high

The unemployment rate across the Eurozone hit a new all-time high of 11.8% in November, official figures have shown.

This is a slight rise on 11.7% for the 17-nation region in October. The rate for the European Union as a whole in November was unchanged at 10.7%.

Senior Strategist at Rabobank Jane Foley told BBC News that high unemployment was the legacy of the transition that many countries in Europe were going through.