Spain in Crisis: Austerity and Resistance
July 16, 2012
Spain in Crisis: Austerity and Resistance
In response to a perceived debt crisis in Spain, the European Union has imposed harsh austerity policies that have thrown the Spanish economy into a tailspin. Unemployment levels are the highest in Europe: 24.4% over-all and 50% for those under age 25. As unemployment grows, consumer demand falls, causing more…