Print this PostI was just reading an article in El País the other day that said that Spain, just the country alone, accounts for two-thirds of the current “Euro Zone” unemployment rate. In other words, unemployment is crazy high in Spain in comparison with other countries that use the Euro due to the current financial crisis, construction speculation, and other factors.
I am starting to see some of the effects of the crisis here in Spain. For instance, I’ve noticed when I’ve been out on Friday and Saturday nights that less people seem to be frequenting the bars and those who do still go seem to buy less (at least that’s what’s happening here in Burgos). Also, I waked past the local unemployment office the other day and there was a HUGE LINE of people waiting out front… you never used to see that in a city the size of Burgos.
What is going to happen in the months to come with regard to Spain’s economy? There may be a rocky road ahead. Of course, nobody knows for sure — we’ll have to wait and see.
Hasta luego,
–Chris
http://abroadinspain.com
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