+DioGo RoCha CoeLho
you may or may not have reached this point because of holidays, but you may need to work on the holiday schedule to get back out. (And I don't know enough about the situation in Spain to argue whether the weekends are either part of the problem or of the solution, but I do know the argument "this isn't what gave us trouble, so it doesn't matter for the way out" is flawed)+Jim Fawcette
what you call the "German model" also doesn't work. Cutting work hours to generate jobs builds on the assumption that work hours in an economy are constant and need to be fairly distributed, but they are not. When we started to leave that model, unemployment went down. Because elsewhere
on the planet, there were people willing to buy our stuff at the resulting lower prices.
Today, demand in Spain is low. The naive approach would be government sector spending, but over-indebted gov'ts were the trigger for the problem in the first place. Gov'ts are too deep in debt because they rescued banks. Banks are in trouble out of their industry-internal vicious cycles of doping their balance sheets, but - as a whole - they are still irreplaceable. International transfers between governments (e.g. from Germany to Spain) won't solve the problem because obviously we will reach a point quickly where Germany et al. won't get credit anymore, either - and who's going to rescue us
then? And besides, while employment in Germany is on the rise, poverty is on the rise, too, because so many German jobs don't pay the bill anymore.