Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros (USD 587), in a social experiment hoped to cut government red tape, reduce poverty and boost employment.
Olli Kangas from the Finnish government agency KELA said today that the two-year trial with the 2,000 randomly picked citizens who receive unemployment benefits kicked off January 1.
The unemployment rate of Finland, a nation of 5.5 million, stood at 8.1 per cent in November with some 213,000 people without a job unchanged from the previous year.

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