Spain unemployment

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As Thousands Protest, Spanish PM Backs Austerity

'This is about solving the situation once and for all,' says Mariano Rajoy

(Newser) - Prime Minister Mariano Rajoy today defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets in protest of his handling of the country's worst crisis in decades. Rajoy said the measures were... More »

Spain Sinks Back Into Recession

Unemployment tops 24%, officials committed to further cuts

(Newser) - Hot on the heels of Britain's slide back into recession , now Spain is officially in its second recession in three years, reports the BBC . Spain's National Statistical Institute said the economy shrank 0.3% last quarter, following a 0.3% contraction in the fourth quarter of 2011. As... More »

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