"[T]he correct approach is to reduce taxes and make it easier for businesses to fire workers."

Thursday, Aug. 2, 2012 | 12:14 a.m.
The number of unemployed keeps rising in Spain, official figures showed Friday, as the International Monetary Fund called on European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.
The recession-hit country's unemployment rate rose to 24.63 percent in the second quarter.
For those under 25 years of age, the unemployment rate climbed to 53 percent, from 52 percent in the previous quarter.
Greece's rate was not far behind at 22.5 per cent, though the latest figures available are for April. Many countries that use the euro, including France and Italy, also have double-digit unemployment rates