Spain's shareholders score despite crisis

Unemployment in Spain is at its highest level in 14 years, with almost five million people in the debt-plagued country without a job. Yet there's a gold-rush mood on the Spanish stock market, the left-liberal daily To Ethnos comments in surprise: "Spanish society is in a dramatic state owing to the high level of unemployment. Yet the Madrid stock exchange is thriving and making a big profit. ... Since the beginning of the year the index of the 35 most important Spanish stocks has climbed by 10 percent, even surpassing the German Dax which rose by nine percent since January. ... And all this despite a sinking gross domestic product in 2010, a 3.8 percent inflation rate, among the highest in the Eurozone, and 21.3 percent unemployment. And now they're trying to tell us that the stock exchange reflects the real economy."

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