Spain jobless number edging toward 5 millionDecember 4, 2012 - 13:49 AMT PanARMENIAN.Net - The number of people registered as unemployed in Spain is edging toward 5 million as the country's recession shows few signs of abating and its banks struggle to deal with a property market crash, The Associated Press reports. Spain's Labor Ministry says Tuesday that unemployment rose a monthly 74,296 in November, or by 1.5 percent, to a record high of 4.9 million. Spain's unemployment rate is released separately and quarterly. It stood at 25 percent at the end of the third quarter. The figures come a day after finance ministers from Spain's euro partners approved the release of €39.5 billion ($51.6 billion) in bailout aid for Spanish banks worst hit by the property market collapse in 2008. The funds are part of a €100 billion rescue package that's been earmarked for Spain's banks. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |