Sunday, May 22, 2011

The Kids Are Alright

It's a movement largely generated by the country's youth. They are the best educated, best informed, most international, and most multilingual the country has ever seen -- and with a 45 percent unemployment rate, also one of the most embittered in the country's history.

Spain's economic woes have been well documented. The global recession popped the country's decade-long property bubble, leaving it with a cripplingly high deficit and an overall unemployment rate that has crept up to 21 percent, Europe's highest. But it's even worse for young people. A combination of rigid labor market laws, a still-inflated housing market, and years of shortsighted economic policy have together created a perfect storm.

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