Wednesday, February 8, 2012

Meanwhile, Back At The Debt-O-Zone....

yeah, that's gonna be a little sore in the morning

"Spanish central bank warns of double dip recession"

And why does this matter?

Because if an economy the size of Spain's begins to contract again, it's doubtful that the working engines remaining within the Eurozone are going to be strong enough to pull them out of a stall.

"The latest employment data, released Friday by Spain’s national statistics institute, showed that Spain also had one of the highest levels of youth unemployment in the Western world, with a third of those unemployed aged below 30. "

Rock and hard place.

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