World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Spain Jobless Crisis Deepens
Keywords:
The number of unemployed in Spain reaches 5.6 million people in April 2012. Finance Minister Guindos said the only bright spot was exports and a drop in the current account deficit which shows Spain's improving competitiveness: "This shows the Spanish economy is competitive, unlike some other European economies, thats the most important element of optimism for the future." The Spanish cabinet approved a Stability Program Report to be submitted to the European Union showing GDP growth of 0.2% in 2013 and 1.4% in 2014, following contraction of 1.7% in 2012, and unemployment falling slightly to 24.2% in 2013. Spain's government debt level is shown at 82.3% of GDP in 2013 declining to 81.5% in 2014.
S&P and sovereign eurozone debt credit ratings
06/24/2011
S&P debt ratings for France, Spain, Italy, Germany, Netherlands and other Eurozone countries.
Grouped Articles
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/2013
Social-Security Woes Vex France's Hollande
Wall Street Journal 11/11/2013
New York Times 11/10/2013
Netherlands Loses Triple-A Rating, Spain Outlook Raised
Wall Street Journal 11/30/2013
What Crisis? Big Ratings Firms Stronger Than Ever
Wall Street Journal 03/10/2016
S.&P. Warns Euro Zone of Ratings Downgrades
New York Times 12/05/2011
Spain's economic growth
07/22/2010
Grouped Articles
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
Spanish Job Market May Be Turning Around
Wall Street Journal 01/24/2014
In Europe, Even the German Powerhouse Is Losing Steam
New York Times 11/18/2011
Spain's Budget Cuts Trigger Downturn
Wall Street Journal 01/31/2012
Spain Spells Out Latest Plan to Bolster Health of Lenders
Wall Street Journal 02/03/2012
Unemployment in Spain 2010-2014
01/01/2010
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Spanish Jobless Rate Has First Drop in Two Years
Wall Street Journal 07/25/2013
Spanish Job Market May Be Turning Around
Wall Street Journal 01/24/2014
Spain’s Unemployment Declines in 2014
Wall Street Journal 01/05/2015
In Spain, a Soaring Jobless Rate for Young Workers
New York Times 01/01/2010
Spain is simply shifting the problem
Wall Street Journal 05/14/2010
The focus on competitiveness by economists, credit ratings agencies, and European leaders as austerity measures alone won't work
02/05/2011
Mario Monti focusses on the need for investing in the economy in an interview with German newspaper Die Welt during a January 2011 visit to Berlin. S&P economists and Nobel winner Stiglitz also emphasize this after a downgrade of France's credit rating- the need for improved competitiveness for the economies of France, Spain Portugal and Italy.
Grouped Articles
New York Times 09/25/2011
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
Spain's economy 2010-2013
07/22/2010
Grouped Articles
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
Spanish Job Market May Be Turning Around
Wall Street Journal 01/24/2014
New York Times 07/28/2011
Italy Seeks to Tackle Youth Jobless Problem
Wall Street Journal 08/22/2011
Wall Street Journal 09/28/2011
The IMF comes out on Spain's side in 2012 saying deficit reduction should have taken into account the weaker economic outlook
09/27/2011
The IMF in April 2012 says cuts in Spain may be too severe and cautioned that austerity measures could push Europe into recession.
Grouped Articles
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/2011
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
Actions taken by Spain's government of Mariano Rajoy to improve the competitiveness of the economy- 2012-2014
02/08/2012
Grouped Articles
Spain Emerges From Recession but Sees More Austerity Ahead
Wall Street Journal 09/23/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Spain Plans to Burn Its Bridges to Keep Vacationers on the Job
Wall Street Journal 02/08/2012
Spain Approves Changes to Labor Policy
New York Times 02/10/2012
Germany's Inflated Fear of Inflation
Wall Street Journal 02/14/2012
The Rest of Europe vs. Germany
New York Times 02/16/2012
Why government fiscal discipline alone will not establish a sound financial framework for the Euro currency- the example of Spain
03/03/2010
Spain kept its deficits below the 3% mandated under EU treaties, till recently. Asset bubbles sustained because of bad lending by a country's banks and easy acess to credit from outside the country, are two problems not addressed by tighter budget controls in the revised rules being set after the Dec. 9 EU Summit. Spain's debt problem is to recapitalize these failing banks and debt of regional governments. Spain relied too much on a construction boom for growth, with productivity stalled. Ireland improved competitiveness and attracted foreign investment. This too unraveled in the face of an asset bubble from speculative lending by its banks.
Grouped Articles
New York Times 09/25/2011
Wall Street Journal 03/03/2010
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
Spain's Example Shows Limits of EU Targets
Wall Street Journal 12/09/2011
The Euro Zone's Double Failure
Wall Street Journal 12/15/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
