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Unemployment in Spain: Not working
Oleh:
The Economist
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 391 no. 8630 (May 2009)
,
page 48.
Topik:
Spain
;
Unemployment
;
Positive Economic Growth
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.55
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
THE huge signs are up in town squares, city parks and myriad spots where men in overalls dig holes, lay pavements or spruce up public facilities. They proclaim that the work is being paid for by Plan E, the stimulus package pushed through by Spain’s Socialist prime minister, José Luis Rodríguez Zapatero. This included €8 billion ($11 billion) for immediate spending by town halls. Plan E was meant to keep Spaniards working. Yet the latest unemployment figures show that it is not enough. In April 40,000 more people joined the dole queues. That was a slower rise than in previous months, but it still leaves Spain with a 17.4% unemployment rate, the highest in the European Union and twice the EU average. The European Commission predicts that unemployment will hit 20.5% next year. It also says Spain will struggle longer than other countries to recover, getting into positive growth only in 2011, a full year after the EU as a whole. “The sick man of Europe” was how the pro-government El País newspaper greeted the news.
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