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21 July 2009

Bank Robberies Rise In Spain As Economy Sinks.

From the NYTimes.

As Spain's unemployment nears 20%,the highest in Europe, robberies are 20% ahead of 2007's rate.

"'There’s unemployment, there’s hunger and there’s money in the banks, and the three factors combine,' said José Manuel Murcia.'Banks are denying credit, so companies are having problems, which creates more unemployment.'

He added, 'People can’t pay their mortgages. So it’s more logical to rob a bank than a pharmacy.'"
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Labels: bank robberies, Spain, unemployment
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