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Spanish Youth Unemployment Is On The Verge Of Breaking 60%

Joe WeisenthalJan 24, 2013, 15:17 IST

Twitter / @acampadabcn_intHere's a stat that's getting a lot of attention today.

According to a new report from Spain's Institution Of National Statistics, youth unemployment is about to break 60%.

Specifically, youth unemployment is at 59.8%, according to the report.

It was merely at 50% early last year.

It's a totally cliched thought at this point, but turning around the actual Eurozone economies is a huge and urgent challenge, which if not addressed will destroy the legitimacy of all these governments.