Will Unemployment Prolong the Economic Crisis? the Spanish Experience

Spain in 2010: Will Unemployment Prolong the Economic Crisis? Because it holds the presidency of the European Union for the first half of this year, Spain is at least nominally responsible for leading the trading bloc out of the current financial crisis. However, the economic situation in Spain is now worse than for many of its fellow members, and the outlook for 2010 is bleak. The country has become “the sick man of Europe” after six or seven consecutive quarters of negative growth and galloping unemployment that is practically double the European average. This, along with a high public deficit, will be among its biggest challenges for the New Year. http://www.wharton.universia.net/index.cfm?fa=viewArticle&id=1830&language=english O2ibm Visit this Open Forum