Markets Fall Amid Spanish Economic Woes

Unemployment remains at its highest rate since the 1970s

European stock markets have fallen amid concerns about Spain and as trade unions hold a general strike in Greece.

Spain's Ibex index was down 3.5%, while markets in London, Paris and Frankfurt were down about 2%.

The Bank of Spain said in a report that the Spanish economy had continued to shrink at a "significant rate" in the third quarter of the year.