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Felipe VI, Spain’s new king: viva el rey

By William Chislett
Spain has a new king, following the abdication of King Juan Carlos earlier this month in favour of his son, Felipe VI. The move comes at a time when Spain is emerging from a long period of recession with an unemployment rate of 26%, a tarnished monarchy, a widely discredited political class, and a pro-independence movement in the region of Catalonia.

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Five reasons why Spain has a stubbornly high unemployment rate of 26%

By William Chislett
The Spanish economy roared along like a high-speed train for a decade until it slowed down dramatically in 2008. Only recently has it emerged from a five-year recession. But the jobless rate has tripled to 26% (four times the US level) and will not return to its pre-crisis level for up to a decade. Why is this?

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What does the economic future hold for Spain?

By William Chislett
The good news is that Spain has finally come out of a five-year recession that was triggered by the bursting of its property bubble. The bad news is that the unemployment rate remains stubbornly high at a whopping 26%, double the European Union average.

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Spain’s unemployment conundrum

By William Chislett
There is only a glimmer of light in Spain’s long unemployment tunnel after five years of recession. This is because a new economic model has yet to emerge to replace the one excessively based on the property sector, which collapsed with devastating consequences.

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