S&P warns of socially explosive situation in euro zone

BERLIN (Reuters) - Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P's Germany head Torsten Hinrichs told a newspaper. "The high unemployment in Spain, Italy and France is socially explosive," Hinrichs was quoted as saying in Monday's Neue Osnabrücker Zeitung. "There has to be a social consensus for saving measures. High unemployment ... does not help. ...