Spain’s unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures.
The total number of unemployed people in Spain has now passed the six million figure, although the rate of the increase has slowed.
That’s right folks, the Spanish unemployment rate is now upwards of 27%. The delightful spaniards are elated by this “situation” they find themselves in, able to stay at home and raise the kids while the government pays for the expense. Surely under such duress, the government must not adhere to the recent trends of austerity.
Why, I believe they ought to spend more, borrow more, in order to “finance the future.”
Or, instead of investing into their economy, maybe they should manipulate their stock market higher, so that the very rich will get richer and will be able to “absorb” higher tax rates to pay for the good families at home watching the tube, playing dominoes, making sex to one another.
They need to repatriate some of that gold laying on the bottom of the ocean…
lol zh..
They need to build some boats and find land they can pillage
They need a good war and MOAR spending.
Trust: the business cycle
Beware: “This time it’s different”
I dispute that thesis. Most of the male population is standing outside of our Home Depots waiting for day work
Hey now…turn that frown upside down. That means that 63% still have jobs!
Hmm… Yep
You need a new calculator.
ANGI busting loose.
As good Euro’s they can get some euro money to pay their unemployed. Just keep it nice down there for vacations.
This is indeed the perfect post.
I expect days of riots, and their king under a guillotine.
The good king deserves worse. Too quick.
Does Spain have welfare as well that needs to be reported here.
So ei runs for 1-2 years just a guess then welfare i would guess Spain has like 70-80% of work force not working. The 30-20% are all government workers.
Note to all soon to be USA unless they can print faster or would it just be easier to say no trade with china aka slave labor?
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