Spain Saddened By Jobless Rate

By: AP
By: AP


MADRID (AP) -- Tens of thousands of students, social groups and
unemployed Spaniards are rallying in more than 50 cities to protest
against government austerity measures and the role banks and
political parties have played in the financial crisis.

Sunday's events were organized by two activist groups under the
banner of "We aren't merchandise in the hands of politicians and
bankers."

Spain is saddled with the eurozone's highest jobless rate of
21.3 percent with a record 4.9 million people unemployed and a
sluggish economy that grew by 0.3 percent in the first quarter of
the year.

The government forecasts growth of 1.3 percent this year, but
the central bank and others say that prediction is optimistic.
(Copyright 2011 by The Associated Press. All Rights Reserved.)


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