Despite a ratings 'upgrade' *Spain's youth unemployment rate has re-surged to a record 57.4% (just below that of Greece which still tops the scary chart list at 58%)*. Italy and Portugal also saw notable rises (despite the former's record low short-dated bond yields) at 41.2% and 36.5% respectively. Ireland and France saw modest improvements but overall the Euro-zone's youth unemployment just keeps rising. In spite of all the rhetoric from Merkel, Van Rompuy, and Barroso, *24.4% of Europe's under-25 population is unemployed*...
Reported by Zero Hedge 5 days ago.
Reported by Zero Hedge 5 days ago.
