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Italy shocks banks with 40 percent windfall tax for 2023
(www.aljazeera.com)
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this post was submitted on 09 Aug 2023
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The unemployment rate is horrendous, at 13.3% in the first quarter of 2023. In comparison, Germany was at around 5.5%, the UK at about 3.8%, and the US at around 3.5%.
Edit: And when you scope that to youth unemployment, the rate in Spain is nearly 30%. I won't pretend to know enough about Spanish economic policy to speculate on causes, but things are not exactly going well.
https://www.macrotrends.net/countries/ESP/spain/unemployment-rate
Okay?
I'm genuinely not understanding your point. That website shows 13.01% unemployment it 2022, and 28.34% for youth. These are very high.
So you misses the point if this entire discussion.
I'll maintain that the Spanish economy is not exactly a good example of economic prosperity, and thank you for providing additional data that exactly shows that point. Cheers.