Just last year Obama was telling America how “green” energy technology was the guaranteed pathway to energy security and independence: “The future is here. We are poised to transform the ways we power our homes and our cars and our businesses”. He said America risked falling behind the rest of the world in the design, [...]
European unemployment for May reached 11.1% making it the highest ever for a single currency area. Nearly, one in four adults in Spain is now unemployed but for the under 25 age group a critical 52% in Spain and Greece are unable to find work. In total, 17.6 million people were out of work in [...]
Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt [...]
