Spanish Business News

Unemployment rose to 21.29% in the first quarter of 2011 according to figures just released by INE, with an extra 213,500 joining the dole queues.  The number of unemployeyd people in Spain now stands at 4,910,200, just shy of the 5 million mark.

The government is insisting that unemployment will NOT reach 5 million this year, but I'm not convinced...