Spain unemployment tops pre-Nazi Germany

Holy Economy…

News that matters

Spain’s unemployment rate soared to a new record of 27.2 per cent 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.

The figures underline Spain’s struggle to emerge from an economic crisis which began five years ago.
A big demonstration in Madrid is being planned against the austerity measures.

On Friday, Prime Minister Mariano Rajoy will unveil fiscal and policy measures aimed at halting recession in the eurozone’s fourth-largest economy.


My comment:

January 28th 2012, News That Matters reported that unemployment in Spain had bypassed the lever of Germany in 1932.  22,8 per cent of the Spaniards were without work.

After that, it has only become worse.

I repeat my comment from 2012.

The similarities between Spain and the Weimar republic…

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