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For the first time in their lives, Consuelo Serrano’s kids won’t get a visit from Santa Claus.
As Spain grew faster than the region over the last decade, Serrano and millions like her handed out gifts at Christmas too. Now, she’s the sole breadwinner as the nation’s jobless rate soared to the euro area’s highest.
Spanish holiday spending will drop 9.1 percent this season, according to Deloitte, more than the 6.3 percent decline forecast for western Europe.
Originally posted by eldard
For the first time in their lives, Consuelo Serrano’s kids won’t get a visit from Santa Claus.
As Spain grew faster than the region over the last decade, Serrano and millions like her handed out gifts at Christmas too. Now, she’s the sole breadwinner as the nation’s jobless rate soared to the euro area’s highest.
Spanish holiday spending will drop 9.1 percent this season, according to Deloitte, more than the 6.3 percent decline forecast for western Europe.
www.bloomberg.com...
Originally posted by Rockpuck
reply to post by eldard
I should be pointed out, before Spain collapsed, Spain was the Euro Zone's largest Green Technology producer, and had the fastest Eco industry growth in the World.
The Spanish government estimates for every Green job created, almost 3 were lost.
Is our Government looking at what happens when you create a massive non wealth producing industry to take you out of a recession? Of course not..
Originally posted by eldard
reply to post by Maya00a
Spain's troubles began immediately after the start of the crisis in 2008. Are you the internet cafe owner who posted here last year?