Aytac Irfan of TopLanguageJobs commented: “With average salaries rising for some countries in Europe and others falling, we will probably see an overall dip by a small percentage. But hopefully only for Q1 & Q2. ”
With Greece , Portugal and now Egypt having IMF loans to fill their own budget gaps and to avoid bankruptcy, Europe is bound to see a small drop in employment figures for the end of 2011 & 2012.
With UK banks such as Lloyds still awarding bonuses to top employees of up to 420% their base salary, this is not set to conclude any time soon.
In Germany the Deutsche Bank CEO is touted to head the IMF which will surely bring stability and a more conservative view to proceedings in Europe.
In the UK cuts continue with strikes imminent from the civil service union over issues of pensions, job cuts and pay. Ballots will decide whether they go on strike and hopefully effect decisions made by the government. These decisions will be key to the economic stability in 2012 so we must all monitor the situation closely and hope for a brighter future.
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