On Friday it emerged that the unemployment in the euro area reached 11%, a record. Experts predict that the rate will continue to grow due to euro zone crisis, especially in Spain, where the risk premium also marks a new high to overcome 545 points.
“The unemployment rate, corrected for variables stationary, rose in the euro area to 11% of the labor force in April 2012″, statistics office said Eurostat, a record high since the creation of the Monetary Union 1999.
“We take very seriously these data, confirming the urgency of the situation, reaching unacceptable levels”, said the spokesman for the European Commission, Pia Ahrenkilde.
According to calculations by Eurostat, Spain leading figures unemployment of the 17 euro area countries, with the 24,3%, followed by Greece with the 21,7%. And if that were not enough, that figure is added another record, the risk premium today in the Iberian country exceeded the 545 points.
The high risk premium Spanish, that from Monday remains above 500 points, has led the European Commission to criticize the measures taken by Mariano Rajoy against crisis, calling them insufficient and “unambitious”. Spanish Government Reform “is based on tax incentives for job creation, what proved to be ineffective in the past”, said the Commission.
Also, el rescate de Bankia fue severamente criticado por el jefe del Banco Central Europeo, quien acusó al Gobierno de gestionar el aprieto de esa entidad de la peor manera posible.
Todas estas preocupaciones conducen a España al borde “de un posible colapso”, según dijo del profesor titular de política económica de la Universidad de Castilla la Mancha Gregorio López Sanz en declaraciones a RT.
En referencia a una hipotética salida del euro que el país podría afrontar, el analista recuerda que cuando se planteó esa idea tiempo atrás muchos la consideraron alarmista y dijeron que sería “la constatación del fracaso de la política europea”.
However, “continuar en la moneda única, increasingly demanding sacrifices from the population without seeing signs of economic recovery is a dead end and a policy that is doomed to fail”, Lopez said Sanz.
"Why do not you try other possibilities?”, said Professor, aware that more and more those who believe follow the guidelines of the EU, with increasing austerity and a central bank that does not really support governments, is a very serious problem.