Some items of note about

artappraiser — Tue, 24 Jul 2012 16:30:43 +0000

In reply to Europe Dims German Outlook

Some items of note about Spain from the 2nd article:

While one out of every four Spaniards are unemployed, the rate for job-seekers under 25 stands at 52 percent.

Rajoy’s latest set of measures has been his most controversial —a steep hike in Spain’s sales tax, and the elimination of one of the 14 yearly paychecks that public servants receive.

Spain has been spared the level of brutal anti-austerity street violence like that seen in Greece, but got a taste of it on July 11 after Rajoy unveiled the new round of cuts and tax rises. Spanish miners and sympathizers, incensed with the seemingly endless cutbacks and tax hikes, clashed with riot police who fired rubber bullets, injuring 22 demonstrators and 10 officers.

The miners said cuts in government mining subsidies will leave them jobless, and many Madrid residents joined in because they believe the problems that the miners face are similar to their economic woes.

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Some items of note about