Europe's Financial And Economic Mess Gets Messier Everyday



Spain's Unemployment Rate Rises To One In FIVE As Investors Fear Debt Crisis Of Greek Proportions -- Daily Mail

Spain's jobless rate has surpassed 20 per cent for the first time since 1997, sparking investors' fears that the country could soon be facing a debt crisis of Greek proportions.

The Spanish government revealed the figures today as it offered more dismal news for a recession-plagued economy that is being dragged into Europe's debt crisis.

The National Statistics Institute said the rate rose 1.22 percentage points in the first quarter to 20.05 percent.

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