Wednesday, 28 April 2010

Spanish Unemployment Rate over 20%


According to new figures, Spain’s unemployment has risen above 20%. These figures were accidentally published by Spain’s official statistics agency on Monday, four days ahead of schedule and people around the country are angry as a result. Leaders of the opposition PP are angry that Zapatero claims that he is confident his government’s policies will achieve his goal of reducing the higest jobless rate in the European Union. He is under fire for not creating more jobs, and it seems that people are starting to get a bit panicked about the situation. According to the statistics, there are currently 4.61 million Spaniards who are out of work, obviously a very high number. As a result Spain will spend more money on combating unemployment, and to do so they will unfortunately have to increase their public deficit.

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