Earlier quoted context omitted.
In Greece and Spain, the youth unemployment goes hand to hand with the belt tightening.
Youth unemployment goes hand in hand with dysfunctional economies. The government does not create jobs by mass spending. In Canada we have marginally less 'government spending' and lower taxes and we have a very low unemployment rate. Now, a country certainly could operate effectively with higher rates of government spending, but my point is that this is not really the factor. Spain does not have a competitive econom…
Competitive how? Salaries are lower than in Canada.
Competitive with who? Do you mean the productivity is low? That's a function of industry development, that is impossible without investment.