Spain's unemployment rate has hit a 20-year high, with more than 5.6 million people out of work.
In the first three months of this year close to 370,000 people lost their jobs and Spain's jobless rate is now at 24.4 per cent.
The pain from the latest unemployment figures has been compounded by news of a credit ratings downgrade and there are fears Spain will be forced to accept a bailout from Brussels.
The government says the gloomy jobless rate is all the more reason for Spain to embrace reforms to cut its deficit, which will lay the foundation for future job creation.
But this talk is hard to swallow for those lining up in unemployment queues across the country.
In the first three months of this year close to 370,000 people lost their jobs and Spain's jobless rate is now at 24.4 per cent.
The pain from the latest unemployment figures has been compounded by news of a credit ratings downgrade and there are fears Spain will be forced to accept a bailout from Brussels.
The government says the gloomy jobless rate is all the more reason for Spain to embrace reforms to cut its deficit, which will lay the foundation for future job creation.
But this talk is hard to swallow for those lining up in unemployment queues across the country.
