Presented by ivi2008
The World Economy is going through highly uncertain times. The most terrible foresights are coming true in Spain, 154.058 Spaniards having lost their job in February. The unemployment rate is 14.8%, i.e. 3.481.859 unemployed people. This is the worst data in the Spain’s whole history. Is the Government putting any solution? That’s the query.
The President of Spain, Jose Luis Rodriguez Zapatero, has approved some steps to fight against unemployment. He says the crisis is worldwide therefore he expects things are going to be better when EEUU improves its economic situation. In contrast of that, businessmen believe the Government has to adopt more ambitious actions. The Unions also claim the solutions are insufficient.
Whereas the bank BBVA envisages the unemployed rate will continue to increase until 19.7% in 2010, which means between 4,1-4,5 million Spaniards without a job, the Vice-president, Pedro Solbes, plans for only a 15,9% rise. The European Commission agrees with BBVA, the unemployment rate will increase until 19%.
The opposition leader, Mariano Rajoy, says the economic situation is regrettable. He believes it’s time to focus on economic problems, and forget other trivial issues. The fact is Spanish unemployed rate is twice the average in European Union. Although the crisis is worldwide, the unemployed rate of EEUU is only 7.2%, 2,5 million unemployed people.
Alarmed by signs other nations as Britain have announced unprecedented steps to prevent the deepest slump. Should the Spanish Government do the same? Are they avoiding the problem? Should they wait for EEUU economy recovery?