Wednesday, August 18, 2010

The cost of living

An interesting article on Spanish website Cotizalia.

It looks at recent Eurostat data, which shows that, since the euro came into force, Spain and Greece have seen the highest increases in the cost of living throughout the EU. In comparison to the rest of the EU27 index, the cost of living in Spain has increased by 14.5 percent and in Greece by 14.8 percent, whereas it has remained reasonably stable in Germany.

A pretty toxic political combination when coupled with high unemployment, which shows no sign of abating anytime soon.

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