Thursday, January 24, 2013

Oh that AWESOME austerity!

The cure that ills:

Unemployment in Spain for people under the age of 25 has now reached 60%, according to officially released figures.

Overall, Spain's unemployment rate has risen to its highest level since measurements began in the 1970s, as a prolonged recession and deep spending cuts have left almost 6 million people out of work at the end of last year.

The nationwide jobless total rose to 26% in the fourth quarter of 2012, or 5.97 million people, according to the National Statistics Institute.

That is up from 25% in the previous quarter, and more than double the European Union average.


Anonymous said...

Austerity- it's always good for the poor!

For the rich, not so much.

pansypoo said...

nutbutbut how are the banksters doing? are they ok?

JDM said...

Go, Rajoy! You looked super smoking that stogie on 6th Avenue. Time to bomb Barcelona yet?

Anonymous said...

Spain to Germany: We suffer so you don't have to.

Raoul Paste said...

The air is filthy in Greece because people are burning anything to stay warm. This is civilization?