Spain Fears from the Economic Crisis in Greece

Spain is also experiencing an economic downturn, but according to financial experts, the situation is not as bad as it is in Greece. Although Spain was once one of the biggest sources for jobs in Europe, its unemployment rate of 20.05% in 2010 is now the highest in the euro zone, and is a major problem for the country. This high percentage of jobless people is an obstacle for the government to cope with the economic stagnation. According to Fernando Fernandez Mendez de Andes, a professor of economics at the…

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