05 Feb 2012 8:07 AM:
Spain is in a mess.
This weeks unemployment figures were again depressing. Unemployment is at record levels and there seems no sign of it being capped never mind being reduced. The PM is fearing a General Strike. Spanair go to the wall after the Catalonian government refuse to throw more money at it. Nobody answers my questions (a) why did they buy in and (b) why did they continue to throw money at an airline where the losses were more than the income! (Malev's departure won't help either!) Spain has 1,5 million empty houses and ca 3 million homes for sale. Youth unemployment is at 44% and adult unemployment may well hot 25%.
There have been many in denial for many months but even some of the überpositive brigade are having to realise that things are very tough here for the AVERAGE Spanish family. (Let me ignore expats for a moment)
I was always told by my elders that to resolve a problem, the first thing one must do is recognise it, then decide on what to do and finally see any resolution through.
The biggest problem was the greed of the 90s. Especially in the property markets, people prostituted themselves with the family jewels and many (if not most) building projects ended in tears. Hopefully those coming out of denial can now come up with some solutions. Rajoy has failed to impress so far and the PSOE conference has been a complete farce this weekend with nobody seemingly accepting that they had been in power for 8 years! (So, if there are "deep-rooted problems" that need to be addressed, the PSOE caused them and had two mandates to resolve them. They are not deep-rooted over the past 75 days!)
As for the expats on the coast, sadly, many many of my friends are returning. Those that tried to work here without sufficient skills, resources, contacts etc. Yes, they are being replaced by a FEW, just a few, VERY affluent Russians but even talking to a Russian estate agent friend of mine, she is not expecting a flood.
I am very fortunate, I have been here 10 years+, have no mortgage and no car finance. What keeps me comfortable though is that I earn 99% of my income from outside of Spain. I work online 24/7 and apart from the odd translation and a few bits of local advertising fees I earn nothing from Spain. Realistically, if I were reliant on Spain, I'd have to move on. Spain, is a land of opportunities and some with big pockets, much fortune, skills and professionalism, a huge work-rate will do well here. For the others, I see challenging years.
All that said, I love Spain and in my heart of hearts KNOW it will bounce back. There is a tenacity about the Spaniard that I am sure will ensure that the country comes back stronger and fitter than ever. A new generation of Spaniard is coming through - more international and more cosmopolitan that can lead the country in the public and private sectors. I believe there will be less dependency on the enchufe and the family and more focus on professional working and management practices.
As for the costas, Spain has been the preferred choice for many years. With increasing fuel costs and more Northern Europeans concerned about the environmental damage of long-distance tourism, Spain will come strong. Troubles in Egypt and other countries in the Middle-East and North Africa will I am sure help this year. Certainly the tourist figures for the year are looking very positive. Here's hoping!
Thread:
How Spain has changed in 10 years....??!!!!
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