Saturday, 25 April 2009

Recession hitting Spain particularly badly


Spanish unemployment has more than doubled in the last year and is now surging above the 4 million mark and heading for 5 million and an average of more than 20% of the labour force. Over 700,000 jobs have been lost in construction alone as the fall out continues from the collapse in the once-booming residential property market.

http://www.tutor2u.net/blog/index.php/economics/comments/pain-in-spain/

BBC video link - http://news.bbc.co.uk/1/hi/world/europe/8017840.stm