OECD Sees Spanish, Greek Unemployment Rates Climbing to 28%

Unemployment rates in Spain and Greece are set to rise to 28 percent by the end of next year as the countries struggle to recover from Europe’s debt crisis, the Organization for Economic Cooperation and Development said.

The jobless rate will increase to 27.8 percent in Spain from 26.9 percent currently, the Paris-based organization predicted. In Greece, the rate will rise to 28.2 percent from 26.8 percent, according to the report.