No One Expects the Spanish Revolution? | 102 comments (102 topical, 0 editorial, 0 hidden)

Re: No One Expects the Spanish Revolution? (none / 0)

Live Webcast From Biggest Spanish Protest Yet Video at zero hedge

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri May 20th, 2011 at 09:45:20 AM EST

Re: No One Expects the Spanish Revolution? (none / 1)

they have so far been peaceful. Yet with 21% unemployment, and according to some over half of youth without a job, just how long until someone decides to send a flaming Molotov cocktail at the riot police? Watch a live webcast from Spain below.

Tyler Durden is totally off base here.

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Sat May 21st, 2011 at 03:36:22 AM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (4.00 / 2)

Direr Turden:

over half of youth without a job

That wouldn't be the good old Unemployment Rate fallacy at work?

by afew (afew(a in a circle)eurotrib_dot_com) on Sat May 21st, 2011 at 05:24:04 AM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (none / 1)

Yup. 2010 unemployment rate (Eurostat) for Spanish under-25s was 41%.

See my response to talos below.

by afew (afew(a in a circle)eurotrib_dot_com) on Sat May 21st, 2011 at 06:31:56 AM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (none / 0)

Youth unemployment is currently at 44.6 % in Spain. It is at 20.7 on average in the EU 27. Source:Labour Market Fact Sheet May 2011 (pdf)

"L'homme fut sûrement le voeu le plus fou des ténèbres " René Char

by Melanchthon on Sat May 21st, 2011 at 10:28:42 AM EST
[ Parent ]

Youth unemployment (4.00 / 3)

However:

Labour market participation by sex and age - Statistics explained

Persons aged 15-24 tend not to be in the labour force: in 2009, 56.1% of young men and women in that age category in the EU-27 were inactive, making a total of 33.3 million persons. The rate of inactivity in this age group ranges from 28.3% in Denmark and 28.4% in the Netherlands to 75.4% in Hungary and 70.9% in Italy. Differences between countries are largely explained by the number of students having or seeking a job (as they are then classified as employed or unemployed instead of inactive persons, even if the job is a minor one).