Newly published figures show unemployment at a record high in Spain: here.
A growing number of Spain’s regions are rebelling against government attempts to rein in their spending: here.
Last week 200 members of the Andalusian Workers Trade Union (Sindicato Andaluz de Trabajadores—SAT) entered a supermarket in Écija in the southern province of Seville, filled up nine trolleys with basic necessities such as oil, sugar, rice, pasta milk, biscuits and vegetables and walked out. The food was then donated to 26 families in La Corrala Utopía (Seville) and food banks in three towns in the province of Cádiz: here.
Global equity markets experienced a significant sell-off yesterday amid fears that the Spanish crisis is rapidly worsening and Greece may soon be forced out of the euro zone, setting off a new round of financial turmoil: here.
Greek Prime Minister Antonis Samaras admitted today that the country’s economy is expected to shrink by 7 per cent this year: here.
Finland is the last stable AAA eurozone nation standing, but Moody’s eurozone core downgrade makes no sense: here.