Youth unemployment passes 50% in Spain and Greece

Discussion in 'Economy' started by Nova78, Aug 16, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Youth unemployment passes 50pc in Spain and Greece - Telegraph

    Youth unemployment now exceeds 50% in both Spain and Greece as the number of people out of work in the eurozone as a whole hit a 15-year high of 17.2million.


    The rise in Spain and Greece reflects the deep financial woes of both countries, which are in the midst of far-reaching and highly unpopular austerity programmes, considered necessary by the broader EU to reduce huge deficits.

    Spain's unemployment rate now stands at 23.6pc, compared with a eurozone average of 10.8pc. The extent of Spain's problems are further underlined by a housing market in crisis, with prices expected to fall the most on record this year. One-in-four homeowners in the country owes more than their property is worth.

    Deep shit heading our way......
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Eurozone recovery stallin' into recession...
    :eusa_eh:
    Eurozone PMI points to a recession
    Aug. 23, 2012 -- Research firm Markit Economics said business activity in the 17-member eurozone was nearly unchanged in August as it remained in a prolonged slump.
     
  3. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    our options are capitalism or socialism. Can you guess which works and which doesn't.
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    That's Obama's second term goal for the USA
     
  5. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Who can blame him. FDR kept the Depression going for two terms and became the greatest liberal hero of all.
     
  6. Ariux
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    Ariux BANNED

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    Extending recessions and starting wars are two things that always makes a president popular.
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    They would make a Democrat president popular as in the case of FDR.
     
  8. daveman
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    daveman Diamond Member

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    EU youth unemployment is high because of George Bush. During Obama's second term, he'll fix it.

    Right, USMB Obamabots?
     
  9. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Yes, I like the way liberals want to hold Bush responsible for what happened during his presidency but not hold Barry responsible for what happend during his.
     
    Last edited: Aug 27, 2012
  10. Ariux
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    Ariux BANNED

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    In Greece and Spain, who's working at all the minimum-wage, dead-end jobs, like fast food?
     

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