Tag Archives: spain

"We've Never Seen A Generation This Educated Also Be This Unemployed"

"We've Never Seen A Generation This Educated Also Be This Unemployed"

The quote above from from an Atlantic article about youth unemployment in the European Union. Not, thankfully, America. But still, the picture in the EU is grim, and you have to wonder how much behind the curve America is on this front: The EU unemployment rate set a new all-time high of 12.2 percent, according

Shocker: Interest In Private Sector Currency Spiking In Southern Europe

In Cyprus, government officials desperate to shore-up bloated budgets have been working on ways to raid the bank deposits of their citizens. The most recent plan would have citizens with more than 100,000 euros in deposits take a 30% haircut. Not surprisingly, this has sparked bank runs and all manner of other chaos in Cyprus

Not Sequestered: Obama's Household Budget Is $1.4 Billion Per Year

That’s just the household budget. The personal stuff. Not the policy stuff that’s the President’s job: We are now firmly ensconced in the brutal Age of the Sequester, and things in America are grave. The federal government, we learned on Wednesday, is so strapped for cash that the president has been forced to cut off

Spain Selling Off Wind Farms

Remember when President Obama was touting Spain’s “green energy” policies as something worth emulating here in the United States? Well Spain, where unemployment has hit rates as high as 20%, is now selling off their wind farms (via Million Dollar Way): In its concerted effort to reduce debt and maintain investment grade credit rating, Iberdrola

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