The Eurozone haven't experienced such high unemployment since the introduction of the euro (Creative Commons)

Unemployment in the EU is at an all-time high since the introduction of the euro in 1999, according to a report released on Friday.

The report compiled by Eurostat, the EU statistics office, showed unemployment at 11.7 percent in October.

The countries with the highest rates of unemployment were Spain and Greece at over 25 percent, with youth unemployment being 60 percent, reported The Associated Press.

"Talk of a 'lost generation' of young people now looks like an alarming possibility," Andrea Broughton, principal research fellow at the Institute for Employment Studies, said to the AP.

Though Germany approved a 44 billion euro Greek debt deal, new fears have been raised that it could unravel by mid-December, according to The Telegraph.

Find more Neon Tommy coverage on the Eurozone here.
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