Financial Stability News

Flashing news about financial stability and central banking

The pain in Spain

Zero Hedge has this story today about “the pain in Spain is plain for all to see”. Really sad to see how bad the situation is there (youth unemployment > 40 %).  And ironic that FT today reports that unemployment in Germany is at its lowest level for two decades, and should get lower as the euro weakens. Question now is for how long this can go on before the internal tensions in the EU becomes unbearable.

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