Amigos, hay crisis

I woke up this morning at the usual time and, just like every other day, set out for the Plaza España to catch the bus that would transport me across the city and to the school where I work. After a few minutes at the bus stop, I began to realize that I was having to wait for the bus for a lot more time than usual.  At first I thought my “number six” bus line was just running a little late… but then it dawned on me: the civil servant strike

You see, city bus drivers are civil servants in Spain.  As civil servants, they are included in the 5% average pay cut that Zapatero recently announced to help reduce Spain’s deficit and thus “save” the country from the financial crisis.  Of course, this announced pay cut didn’t exactly go over very well with the civil servants (surprising, right?) and today they all went on a one-day strike to speak out against the change. 

Spain seems to have become the “hot topic” in Europe right now with respect to the financial crisis and everyone is wondering if it will become the “next Greece.”  Personally, I don’t think that things in Spain will reach the level they did in Greece; but, I’m no economic expert.  In any case, if you’d like to read more about Spain and the financial crisis, you can check out this very good New York Times Blog article that explains the situation much better than I can. 

I don’t really know how “worried” I should be about the crisis.  In fact, I sometimes think that people here are blowing the whole thing a bit out of proportion and hoarding money unnecessarily.  I suppose it’s understandable to an extent: nobody wants to be without a job or loose money that they have spent a lifetime saving.  Still, I can’t help but feel as if Spaniards are overreacting.  Who knows?  Maybe I’m wrong.

In the end, thanks to the civil servant strike, I had to take a taxi to get to school today.  Let’s hope they don’t strike again anytime soon… taxis are much less convenient (and more expensive) than city buses. 

Please, leave your thoughts about the crisis in Spain in the comments below.  I’d like to know what others think about all this — expats and Spaniards alike.  Continue reading this post…

The crisis and unemployment

I 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.  Continue reading this post…

Financial crisis in Spain??

Signs urging customers to buy in Burgos.

Signs urging customers to buy in Burgos.

Recently, the city of Burgos launched a new ad campaign to get people to “buy, buy, buy” in the downtown shops.  Above is one of their new signs, which have been strategically placed throughout the city.  The signs must be working because shops in Burgos are booming and shoppers are out at practically all hours of the day looking for deals (except during siesta time, that’s sacred). 

I sometimes ask myself how it can be possible that people are out shopping like never before while Spain is in “Financial Crisis Mode.”  The unemployment rate in Spain is on the rise and people on the street generally “complain” about the crisis all the time, yet everybody seems to still be “buying up a storm.”  Where’s the money coming from?  Continue reading this post…