PIIGS Unemployment

PIIGS Unemployment Improves Slightly

PIIGS Unemployment Stabilizing?

PIIGS Unemployment

PIIGS and European Unemployment

Spanish House Prices

One Way the US is like the PIIGS

PIIGS Unemployment

European Unemployment Still Increasing

European Interest Rates

Spain and Italy

No, no, no, no!

Bloomberg:

Spain will lower highway speed limits, cut train ticket prices and use more biofuel under an emergency energy-saving initiative because of soaring oil prices brought on by unrest in Libya, an official said Friday.

and

Finally, oil companies will also have to add more bio-fuel to the gasoline and diesel they produce — from the current mandatory 5.8 percent proportion, up to 7 percent, the deputy prime minister said.

Emphasis mine. This is an unbelievably counterproductive thing to do. A significant part of the cause of the unrest in the Middle East is due to high food prices. The regimes are all rushing out buying food in an attempt to appease their populations. The unrest is now sharply increasing oil prices, and the geniuses in the Spanish government want to respond by calling for more food to be converted into biofuel, thus further increasing the strain on food prices?