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News Analysis
Spain: Shaken by crisis*
Jayati Ghosh
Even as open unemployment in Spain has hit nearly a quarter of its labour force under the economic decline that is now several years old, resolution of the crisis seems unlikely anytime soon. While the current juncture cries out for European solidarity, it is being met by a reversion to nationalist chauvinism, driven by wrong diagnosis of the European economic reality.

* This article was originally published in Frontline, Volume 29 - Issue 14, July14-27, 2012.

July 11, 2012.
 
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  © International Development
Economics Associates 2012
 

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