Friday, April 30, 2010

Europe's Financial And Economic Mess Gets Messier Everyday



Spain's Unemployment Rate Rises To One In FIVE As Investors Fear Debt Crisis Of Greek Proportions -- Daily Mail

Spain's jobless rate has surpassed 20 per cent for the first time since 1997, sparking investors' fears that the country could soon be facing a debt crisis of Greek proportions.

The Spanish government revealed the figures today as it offered more dismal news for a recession-plagued economy that is being dragged into Europe's debt crisis.

The National Statistics Institute said the rate rose 1.22 percentage points in the first quarter to 20.05 percent.

Read more ....

More News On Europe's Financial Crisis

Greece readies austerity measures -- Yahoo News/Reuters
As Greek Drama Plays Out, Where Is Europe? -- New York Times
Spain unemployment tops 20 percent -- CNN
Spain jobless rate over 20 pct, adding to woes -- AP
Downgraded Spain decides to shelve worthless enviro-energy projects -- Washington Examiner
Germany and Greece: Neither a borrower nor a lender be -- The Economist
Greek debt crisis: Bailout likely, but will it be enough? -- Christian Science Monitor
Financial Crisis in Greece, Europe Could Threaten US and World Economy -- L.A. Times
Crisis for Europe in Greek Debt? -- Council On Foreign Relations
FACTBOX-German commentaries on Greek debt crisis -- Reuters
Explaining German angst over Greece -- Gavin Hewitt, BBC
Angela Merkel is pushing Greece beyond the pain threshold -- Kevin Featherstone, The Guardian opinion
Europe's Other Crisis -- Mathew Kaminski, Wall Street Journal

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