Spain's unemployment needs a decade to improve

(MENAFN) Spain's unemployment is forecasted to need more than ten years to recover to pre-crisis levels since its workers earn 20-40 percent less than in leading European countries, according to Iran Daily. The researchers said that even with a 2-percent increase in employment it still needs ten years just to reach 2007 levels. Figures released recently showed that public debt boosted by USD11.1 billion in February, bringing the total owed by the Spanish government at a record USD1,363 billion.