Friday, April 29, 2011

Spain suffers

Absolutely no concessions to the Spanish labor market, and today's data now showed an increase in the unemployment rate to horrific 21,3% in the first quarter from 20,3% in the fourth, and this was a peak in 14 years. And the bad news does not end there - the inflation in April exceeded the 3.8% y / y, and retail sales failed to 8,6% y / y in March. These data demonstrate the continued support of the intensity of fears for the solvency of Spain.

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