Relevant:
- European Union reaches highest unemployment rate since crisis started -- Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
- Spanish jobless rate 24.6pc, youth unemployment at 53pc
- Spain jobs woes deepen as unemployment rate hits 25pc
- Cost of Spain's Housing Bust Could Force a Bailout
- Spanish Home Prices Fall Most on Record as Economy Shrinks
2011-07-11 — bloomberg.com
"Spain, which has a 21 percent unemployment rate after a three-year slump, is working through an excess of housing stock left over from the decade-long construction boom. Prices have fallen 15 percent since the peak, and the government estimates there are almost 700,000 new homes that remain to be sold."
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