Spain unemployment hits record high

[Judi Lynn]

Source: BBC News

25 April 2013 Last updated at 03:34 ET
Spain unemployment hits record high

Spain's unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures.

The total number of unemployed people in Spain has now passed the six million figure, although the rate of the increase has slowed.

The figures underline Spain's struggle to emerge from an economic crisis which began five years ago.

A big demonstration in Madrid is being planned against the austerity measures.

Read more: http://www.bbc.co.uk/news/business-22290422

[dipsydoodle]

1. German firms eye investment in crisis-battered euro states

(Reuters) - German companies are setting their sights on southern Europe as fears of a euro zone breakup fade and economic reforms transform the crisis-battered region into an attractive place to invest once again.

Countries like Portugal, Italy, Greece and Spain are still struggling with deep recessions and high unemployment but have also attracted attention for the opportunities they present, not just the risks.

http://uk.reuters.com/article/2013/04/25/uk-germany-investment-idUKBRE93O09N20130425

[bloomington-lib]

3. Sounds like now that they've been beaten into a weakend nation, the Germans are buying up their

competitors and taking advantage of a desperate workforce.

"For financially strong German Mittelstand firms, the crisis is turning out to be an opportunity. They are increasingly active with acquisitions in Spain"

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