Nihil Sine Deo.
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Spain Unemployment Breaches 27 Percent on Recession
Spanish unemployment, at a 37-year high, rose more than forecast in the first quarter as efforts to tackle the European Union’s biggest budget deficit crimped growth. The number of jobless rose to more than 6 million for the first time, climbing to 27.2 percent of the workforce, compared with 26.02 percent in the previous three months, the National Statistics Institute in Madrid said today. That was more than the 26.5 percent median forecast of 8 economists surveyed by Bloomberg. In power since December 2011, Prime Minister Mariano Rajoy will unveil tomorrow fiscal and policy measures aimed at halting a six-year ... (full story)