No Relief for Unemployed in Spain
Unemployment in Spain has been above 24% for several months, and there is nothing about the nation's economy that will reverse that. The central government has complained that austerity is ...Read Full Story »
Posts related to ‘Spain’
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Spanish GDP Contracts 0.5% in First Quarter
Spain’s Instituto Nacional de Estadística (INES) reported this morning that the country’s gross domestic product (GDP) shrank 0.5% sequentially in the first quarter of 2013, the seventh consecutive quarter of ...Read Full Story »
Greece, Spain Unemployment Rates Still the Highest in the EU
Unemployment in the euro area grew again in March, supporting the obvious conclusion that a lack of stimulus, terribly high unemployment and the crippling of the financial and industrial sectors ...Read Full Story »
The Countries with the Highest Unemployment
The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very different. If ...Read Full Story »
Record High European Unemployment — Eurostat
Eurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering that, at the depths of the recession, U.S. joblessness barely topped 10% during ...Read Full Story »
Spain’s Unemployment Edges Closer to 5 Million
Spain's number of unemployed reached a the staggering level of 4,907,817 last month, according to the government's labor arm. That almost certainly means that the 25% unemployment figure the nation ...Read Full Story »
Unemployment in the EU Is Still Rising
Eurostat reports that unemployment in the euro area has risen again: The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU271 ...Read Full Story »
Catalonia Votes for Independence
In a snap election announced just a few weeks ago, voters in the Spanish region of Catalonia have given a clear majority of votes to parties seeking referendum on independence ...Read Full Story »
What’s Important in the Financial World (11/7/2012)
Spain's Growth Slows Spain has cut its growth forecasts again (or rather, experts have), which means it will ask for more time to solve its problems. And its path to ...Read Full Story »
Another Jump in Spain’s Unemployment
Spain's Ministry of Employment and Social Security released data showing that unemployment rose 2.7% in October, which translated into a jobless count of "4.833.521 personas." If the figures are accurate, ...Read Full Story »
Eurozone Unemployment Rate Hits a Record 11.6%
The EU statistics agency Eurostat reports that the unemployment rate in the eurozone climbed to a record 11.6% in September. That was up from the 11.5% reported for August, and ...Read Full Story »
Spain Slips Further into Recession
Spain slipped further into recession, which means that its need for aid has accelerated. Its gross domestic product for the third quarter dropped 0.3%, on top of a drop of ...Read Full Story »
Spain’s “Bad Bank” Plan
The Spanish agency responsible for restructuring the country’s banks -- FROB -- today released its design and structure for the asset management company that will serve as the nation’s “bad ...Read Full Story »
Greece Teeters on the Brink — Again
Europe's economic problems will be pushed off of the front pages, at least while the East Coast braces for Hurricane Sandy and its aftermath. But the bailout of Greece is ...Read Full Story »
What’s Important in the Financial World (10/29/2012)
Sandy's Impact The effects of Hurricane Sandy already have been felt on Wall St. as the major exchanges have elected to close today, and perhaps tomorrow. Much less certain is ...Read Full Story »
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