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The article discusses the increasing level of unemployment in Spain hitting record levels. Currently around 5.7 million Spanish are out of work. Traditionally this number decreased during the second quarter of the year during the tourist season however this year unemployment rose to 24.6% during that time. 53% of the unemployed are under 25. This may have great effects in the future once Spain's economy recovers. The younger generation will want to take over jobs of the older generation. However due to the lack of training they may not have the skills required. The amount of jobs has decreased so much that almost half of the unemployed have been out of work for more than a year. This is largely due to a cut in government, regional and municipal spending that has decreased the number of workers in the public sector by 5% in the past year. Because the number of unemployed is so high and is constantly increasing the government had to cut their unemployment benefits leaving only around 40% in certain areas receiving unemployment benefits. The reason causing the high unemployment is the recession that Spain is currently in. In the future crime rates may increase in Spain as many households have no income and are losing their unemployment benefits from the government. 

Spain's 17 regional governments have agreed to stick to budget deficit targets set by the central government but regions are struggling to meet the deficit target of 1.5% gross domestic product for this year. Some of the regions have accessed an 18 billion euro emergency fund set up by the central government to meet their debt financing obligations. Furthermore, five regions have asked for a combined 15 billion euros. The regional leaders have called for a redistribution of the burden sharing between the central and regional governments in meeting deficit targets. However, Prime Minister Rajoy has stated that the overhaul should not be negotiated until  next year, to avoid unnerving investors already concerned about Spain's lack of budgetary discipline.