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.
Thursday, January 24, 2013
Oh that AWESOME austerity!
The cure that ills: