Spain’s unemployment figure passed the five million mark in the last quarter of 2011, official figures show.
The National Statistics Institute said 5.3 million people were out of work at the end of December, up from 4.9 million in the third quarter.
The rate rose from 21.5 per cent in the third quarter to 22.8 per cent – the highest rate in nearly 17 years.
Spain already has the highest jobless rate in the 17-nation eurozone and is expected to slide back into recession.
The 22.8 per cent rate is more than twice the average unemployment rate of the eurozone, which stood at 10.3 per cent in November, according to data released earlier this month.
The Spanish figures show almost half of all 16-24 year-olds in the country are jobless – 48.6 per cent compared with 45.8 per cent before.
Source: The BBC
The similarities between Spain and the Weimar republic is striking.
The Weimar Republic struggled to fence off Fascism. Everything went well till 1928, with only 650.000 unemployed. In 1929 the number doubled, and doubled again in 1930.
The popularity of Nazism rose in almost parity with mass unemployment.
When the Nazi party got 36,9 per cent in 1932, there were 5,1 unemployed in Germany. The total population was 66 millions.
Spain has today 5,3 million unemployed, and the population stands at 46 million. The Kingdom has never renounced the horrors of its Fascist past. General Franco was never forced to leave the President palace, but died in peace in 1974.
[ The Coming of the Son of Man ] “And there will be signs in the sun, in the moon, and in the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring;
It is quit astonishing that Spain has a much higher unemployment rate than in the days of chaos that brought Hitler to power.
The call for the next European strongman is in the pipeline.
Here are the unemployment figures in Germany:
Written by Ivar