SPEECH - In the speech 'A Picture of European Unemployment: Success and Failure' Stephen Nickell of the Bank of England said that although average unemployment in Europe is relatively high compared to OECD countries outside Europe, very high unemployment levels in France, Germany, Spain and Italy boost the average substantially. Consequently, Nickell says, the very low unemployment rates in most of the rest of Europe tend to suggest labour market are more or less independent despite "free"