Spain’s unemployment rates have hit 25 per cent – the highest since records began after Generalissimo Franco's dictatorship.
Spanish officials have confirmed today that a quarter of its population – and a shocking 53 per cent of young people – is currently without a job.
This is the latest blow to the country’s economy as the government had hope the tourist season would help the country on its way out of recession.
It is now looking towards a bleaker future, despite a vow of support from the European Central Bank, as 5.7 million Spaniards eligible for work stand unemployed.
Source and full story: Daily Mail, 27 July 2012