Spain, Europe ETFs Shrug Off Credit Downgrade | Page 2 of 2 | ETF Trends

Spain’s unemployment rate stood at 24% in the first quarter, the highest level since the early 1990s and one of the worst jobless figures in the world, according to the article.

“The figures are terrible for everyone and terrible for the government … Spain is in a crisis of huge proportions,” Foreign Minister Jose Manuel Garcia-Margallo said in the report.

With about $2.6 billion in assets, Vanguard MSCI European ETF (NYSEArca: VGK) is the largest diversified fund for Europe.

iShares MSCI Spain