Spanish Unemployment Rises

Spanish unemployment rose by 128,242, or 2.7%, last month as the country's recession continued to take its toll. The overall unemployment rate now stands at 25% for the general population and 52% for those under 25 years of age.

The news comes just as the fourth largest country in the eurozone prepares to sell its first government bond with a maturity of more than 10 years. On Thursday, the country will launch a new five year government bond due to 2018 and reopen a bond maturing in 2032.