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The latest business, economic, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market and the eurozone debt sovereign debt crisis.

Unemployment to reach 27% in Spain?
29 January 2012 @ 20:42

I've just been reading that investment bank JP Morgan is predicting that unemployment could reach 27% in 2012.  Citigroup is also predicting further rises to the unemployment levels, with Citigroup expecting it to reach 26%. 

The unemployment rate currently stands at just under 23%, or 5.3 million people.  Truly mind blowing numbers!  When will the Spanish finally twig that this is not a price worth paying to be part of the euro zone?




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