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| Chart 1: Spain Unemployment |
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| Chart 2: Spain 10 Yr government bond yield |
Posts tonen met het label Spain unemployment. Alle posts tonen
Posts tonen met het label Spain unemployment. Alle posts tonen
vrijdag 27 april 2012
Spain's unemployment is alarming
Today in the news, Spain's unemployment came in at 24.4% (Chart 1), with youth unemployment at 50.5% in February 2012. At the same time Spain's credit rating was downgraded by Standard & Poor's from A to BBB+.
It's not looking well for Spain, the 5th largest country in Europe. Surprisingly, the bond market stayed flat after the downgrade of Spain (Chart 2).
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