Spain hit hardest by Recession
We think we have it bad in the UK. Yes we do have rising unemployment and house prices dropping, but nowhere in Europe seems to have it as bad as Spain. In Madrid they have actually setup soup kitchens to deal with the huge number of unemployed who cannot afford to feed themselves.
A few years ago Spain was thriving from a huge boom. High paid jobs in the building industry and many other sectors saw many with good incomes, but now with the recession many have lost their jobs. Building sites are deserted leaving buildings half built. Spanish banks report are 4 times as much bad debt as this time last year.
There are many signs of the hard times in Spain. Sales of job publications and online job searches have risen considerably in the last 12 months. Such websites as the Ofertas de Trabajo en Barcelona Website is just one of many new sites that have sprung up in recent times to meet the demand for the new job searches being made.
Other signs include the many people who blame the large immigrant population that can be found in Spain. Spain has a large immigrant population from both South America and Eastern Europe. Many of which came in good times to take up the many well paid jobs.
Many of the Spanish that are being hit by the problems are the less educated and these people cannot take advantage of the technology drive that Prime Minister Jose Luis Rodriguez Zapatero is introducing to increase employment and prosperity to Spain.