Spanish Unemployment Tops 20%
Euope's F'd... F'd in the A.
http://www.bloomberg.com/apps/news?pid=20601010&s…
Spain has some of the highest firing costs for open-ended contracts in Europe, according to the World Bank’s Doing Business Index, while around a quarter of the country’s workers have temporary contracts. The Bank of Spain says a labor-market overhaul is “urgent” as high unemployment poses a risk to banks and the Socialist government has pledged to change labor legislation after talks with unions and employers.
I'm sure glad that Spain protects its citizens by increasing the costs of firing people.... I bet those regulations were firmly supported too, by the public. Oh wait, nobody's hiring now??? Hmmm... greedy businesses to blame I suppose.