You are here
Home ›Record Euro Unemployment
Spain's unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures.
The total number of unemployed people in Spain has now passed the six million figure, although the rate of the increase has slowed.
The figures underline Spain's struggle to emerge from an economic crisis which began five years ago.
A big demonstration in Madrid is being planned against the austerity measures.
On Friday, Prime Minister Mariano Rajoy will unveil fiscal and policy measures aimed at halting recession in the eurozone's fourth-largest economy.
"These figures are worse than expected and highlight the serious situation of the Spanish economy as well as the shocking decoupling between the real and the financial economy," said Jose Luis Martinez, strategist at Citi.
Last week, the International Monetary Fund cut its 2013 forecast for Spain's growth to a 1.6% contraction from 1.5% and said the unemployment rate would peak at 27% this year.
Meanwhile, in France, the second biggest eurozone economy, official figures to be released later on Thursday are also expected to show a record number of jobless workers.
Start here...
- Navigating the Basics
- Platform
- For Communism
- Introduction to Our History
- CWO Social Media
- IWG Social Media
- Klasbatalo Social Media
- Italian Communist Left
- Russian Communist Left
The Internationalist Communist Tendency consists of (unsurprisingly!) not-for-profit organisations. We have no so-called “professional revolutionaries”, nor paid officials. Our sole funding comes from the subscriptions and donations of members and supporters. Anyone wishing to donate can now do so safely using the Paypal buttons below.
ICT publications are not copyrighted and we only ask that those who reproduce them acknowledge the original source (author and website leftcom.org). Purchasing any of the publications listed (see catalogue) can be done in two ways:
- By emailing us at uk@leftcom.org, us@leftcom.org or ca@leftcom.org and asking for our banking details
- By donating the cost of the publications required via Paypal using the “Donate” buttons
The CWO also offers subscriptions to Revolutionary Perspectives (3 issues) and Aurora (at least 4 issues):
- UK £15 (€18)
- Europe £20 (€24)
- World £25 (€30, $30)
Take out a supporter’s sub by adding £10 (€12) to each sum. This will give you priority mailings of Aurora and other free pamphlets as they are produced.
Adverts
NYC Public Meeting
THE ROLE OF WOMEN IN THE CLASS STRUGGLE
PUBLIC MEETING AND DISCUSSION
Discussion on women's liberation and the modern role women have played in the class struggle. Open to all!
When: Sunday, May 19th at 3:30 PM.
Where: 876 Riverside Dr. & 160th St. New York, NY.
Link to register: withfriends.co
Internationalist Workers' Group
Links
User login
This work is licensed under a Creative Commons Attribution 3.0 Unported License.