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Hello, I'm Ashikama, and today on Business Daily, well, here's a question. Why is it that Spain

has the fastest growing economy in the European Union, but also one of the highest levels of

unemployment? The economy is expected to grow around

2.4% this year. The Eurozone average is 1.2, yet Spain's unemployment rate is at 10%, one of the

highest in Europe. Historically, Spain is a country of services, also very associated with tourism, and so it is seasonal.

This means there are contracts and then there are layoffs. There are months where there is very

little unemployment, and there are other months where there is much more unemployment, which coincides

with the whole seasonal issue. That's Miguel Angel Blanco Cedron, director of the Spanish Business School.

So tourism being seasonal impacts unemployment, which is understandable, but Spain's problems run deeper.

Its level of youth unemployment is also much higher, even amongst the well-educated.

While graduates don't want to work in services or in tourism and

want to use their qualifications, still some 36% of them are in jobs that don't require a degree.

So how do young people feel about their future? I would say young people are still struggling to find

that financial stability that we were promised when we got

our education. We were told like, oh yeah, you need to go through this, this and this, to find a

decent job and have a career, have a future. I do feel like that is still something that we're not

fully seeing. That's all to come in this edition of Business Daily.

One of the biggest disconnects is in the lack of internships being offered to undergraduate and

postgraduate students. Yes, multinational companies such as Ibidrola, Bebeouba Bank do throw

resources and have big graduate training schemes.

But this doesn't filter all the way down.

...