Forex Flash: Close to 50,000 Spaniards find work in Germany – Nomura

FXStreet Team FXStreet

FXstreet.com (Barcelona) - Nomura economist have flagged reports that upto 50,000 Spaniards have found work in Germany.

They write, “Over 49,400 Spaniards found jobs in Germany last year, an increase of 15.8% over 2011, at a time when Spain is destroying more than 2,000 jobs a day because of the economic crisis and spending cuts. They were just some of the Europeans to benefit from the lowest jobless rate Germany has seen in 20 years, according to figures released Thursday by the Federal Employment Agency. Over 253,000 Italians, more than 123,000 Greeks and nearly 57,000 Portuguese also found jobs in the continent's top economy last year.”

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