Youth unemployment has nearly hit 60 per cent in Greece, raising concerns about more social unrest.

Unemployment in the 17 countries using the euro has hit a record 12 per cent.

More than 19 million people in the eurozone are now jobless as the debt crisis continues to hamper economic growth. Spain and Greece are suffering the most with the highest rates of overall unemployment over 26 per cent.

The lowest unemployment rates recorded by Eurostat were in Austria (4.8 per cent) and Germany (5.4 per cent), both unchanged from January. The overall unemployment rate for the eurozone in January was revised up from 11.9 per cent to 12 per cent.

Across the 27 member states of the European Union, the unemployment rate rose to 10.9 per cent, up from 10.8 per cent the previous month.

Source: BBC