Spain's unemployment at 25%

(Business Week)
Spain's economic woes deepened alarmingly Friday as the government revealed that unemployment rising to near 25 percent, a day after a credit ratings agency downgraded the country's debt rating and warned it faced an uphill battle to get a grip on its finances.

Even if the eurozone finds the financial capacity to bail out Spain, economists warn the crisis could then envelop Italy, the eurozone's third-largest economy, which owes around (EURO)1.9 trillion ($2.5 trillion), more than double Spain's (EURO)734 billion."The situation is very bad. There's no work," said Enrique Sebastian,a 48-year-old unemployed surgery room assistant as he left one of Madrid's unemployment offices.

America, wake up. You want our current crop of politicians to turn us into Spain, or Greece. WAKE UP