Spain’s Unemployment Tops 5 Million
In the News (from BBC News): “Spain’s unemployment figure passed the five million mark in the last quarter of 2011, official figures show. …
“The rate rose from 21.5% in the third quarter to 22.8% – the highest rate in nearly 17 years.
“Spain already has the highest jobless rate in the 17-nation eurozone and is expected to slide back into recession.
“The 22.8% rate is more than twice the average unemployment rate of the eurozone, which stood at 10.3% in November, according to data released earlier this month.
“The Spanish figures show almost half of all 16-24 year-olds in the country are jobless – 48.6% compared with 45.8% before. …”
Comment: It is necessary to turn the unemployed into students of integral education, rather than depleting the country with high taxes and provoking people to revolt.
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