Thursday, August 14, 2014

"Abandoned in austerity Spain: no job, no benefits"

"Read the news and it’s all upbeat about Spain.

The Spanish economy grew 0.6 percent in the second quarter, the fastest rate since 2007, before the country slipped into recession. That’s the fourth consecutive quarter of growth.

And Spain’s unemployment rate has fallen to a two-year low – of 24.5% in the second quarter.

Of course at a quarter of the working population, unemployment remains very high, second highest in Europe in fact. And more than half of all young people (15-24 year olds) have no employment.

But the trend is positive, the Popular Party government of Mariano Rajoy argues: austerity is working.

But other, recently issued figures show a different picture..."

Read more from source here.

No comments: