Spanish Price Collapse Could Signal New Global Woes

'It’s like the front line of a new virus outbreak'

By Jason Farago, Newser Staff

Posted Apr 21, 2009 4:45 AM CDT

(Newser) – Spain has suffered a major blow from the global economic crisis, with sky-high unemployment that could soon reach 20%, and merchants across the country are taking a drastic step: slashing retail prices. While lower costs in shops and restaurants might sound appealing, it's actually very... Read full story »

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Spanish Price Collapse Could Signal New Global Woes

'It’s like the front line of a new virus outbreak'

Spain • Europe • unemployment • global economy • deflation • economic crisis

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Spain Sinks Back Into Recession

Unemployment tops 24%, officials committed to further cuts

Eurozone Economy Shrinks

Nine of 17 member states post a fall

Death Toll Rises in European Cold Snap

Europeans grapple with worst winter in years

Behind Europe's Economic Mess: 'Willful Amnesia'

Austerity measures violate basic economic tenets: Paul Krugman

Mighty Germany Leans on Troubled Neighbors

With unemployment at record lows, Berlin needs workers

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