January 29, 2013

Spanish unemployment jumps to record 26 pct

MADRID (AP) — Spain's unemployment rate shot up to a record 26 percent in the fourth quarter of 2012, leaving almost six million people out of work, the National Statistics Institute said Thursday.

France’s Moscovici Says Strong Euro Creates ‘Some Problems’

French Finance Minister Pierre Moscovici said the strength of the euro is hampering recover in the 17-nation economy, while also reflecting confidence that the region’s debt crisis is fading.