Spain
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...
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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...
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Source: ThinkstockIn 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 from...
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Source: ThinkstockSpain’s Growth SlowsSpain 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 a bailout from...
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Source: ThinkstockSpain’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.”...
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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 exceeded the 11.5%...
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Source: ThinkstockSpain 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 0.4% in...
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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...
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Source: thinkstockEurope’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 in real...
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Sandy’s ImpactThe 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 the damage the storm...
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The latest report about how Europe’s nations will be bailed out, what the role of the International Monetary Fund will be, whether Germany will block plans that cost its taxpayers too much, and...
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Source: nationsonline.orgSpain is on the cusp of something, but no one seems to know for sure what it is. The country received good news from Moody’s that kept Spain’s sovereign paper rating at...
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Spain on the CuspSpain is on the cusp of something, but no one seems to know for sure what it is. The country received good news from Moody’s that kept Spain’s sovereign paper rating at...
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Source: Organization for Economic Co-operation and DevelopmentAngel Gurria, the secretary general of the Organization for Economic Cooperation and Development, told CNBC that Spain’s reluctance to...
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The unemployment level in the euro area (EA17) rose to 11.4% in August, which matched July’s number. The jobless figure for the broader EU27 was 10.5%. Both figures demonstrate the extent to which...
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