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| Europe | |
| Spain unemployment rate hits 20% | |
| 2010-05-01 | |
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| Posted by:Steve White |
| #1 These numbers reflect the number of people working in the black economy as much as anything. Greek unemployment is officially 19%. Government austerity and taxes increases will drive more people into the black economy, further reducing government revenues and increases costs (many of the black economy employed also collect welfare). |
| Posted by: phil_b 2010-05-01 02:37 |