Spain’s Pain, Explained

With a youth unemployment rate of 55.9%, Spain is a worst case scenario getting uglier by the month.  A housing bubble triggered the  crisis,  but the roots of the problem are historical –  a labour contract system that creates two classes of employee.  You’re either protected and or temporary.  Guess which category young workers fall into?

Listen… as Gayle Allard, professor of economics at IE Business School in Madrid, explains.

Coming to the Toronto Star on Dec 8, 2012…my on the ground report about what’s happening to Spanish youth.