Spain’s unemployment has increased sharply in October, leaving some 87,000 more Spaniards without work, data from the labor ministry shows. The ministry released the data on Tuesday, putting the number of registered jobless last month at 4.81 million. The increase followed another rise in September of over 25,000 people. Analysts say the reason for the two months of decline is due to layoffs in... 

Official figures show that the unemployment rate in Spain has increased again with nearly five million people out of work in the recession-hit country. Figures released by Spain’s Labor Ministry on Wednesday indicated that the number of people registered as out of work rose by 25,572 people in September. The ministry added that the total number of unemployed people in Spain remained at around 4.7... 

Spain public debt has climbed to record 92.2 percent of the country’s gross domestic product (GDP) for the second quarter of this year amid deteriorating financial woes. The Bank of Spain announced on Friday that the Spanish debt for the period between April and June surpassed the government’s year-end target of 91.4 percent of GDP, reaching the unprecedented 92.2-percent level. This is while... 

Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated. According to provisional data published by ELSTAT statistics agency on Monday, the 2011 deficit stood at 9.4 percent of gross domestic product and the public debt at 170.6 percent. “The revisions as regards the debt ratios are primarily... 

The public sector debt in France soared to over 90 percent of the GDP in the second quarter of 2012. New figures show that France’s public sector debt soared to over 90 percent of the crisis-hit country’s gross domestic product (GDP) in the second quarter of 2012. According to official figures released by France’s National Statistics Institute (INSEE) on Friday, the debt has increased by 43.2...