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Little relief in bank bailout for Spain's jobless


Little relief in bank bailout for Spain's jobless


The EU bailout of Spain’s banks may have brought some relief to Madrid and eurozone leaders, but for those struggling to find work in the country the outlook remains grim. At more than 24 percent Spain’s unemployment rate is the highest in the eurozone and there is little sign of an improvement anytime soon. One man queuing at a benefits office in Madrid evoked the impact of the crisis on many of Spain’s jobseekers.

“I’m not optimistic. Every day I see it getting worse. I’m unemployed, with two children, separated (from my wife), I can’t pay them maintenance pension. I’m partially disabled and the companies exploit us very badly.”

The government is pushing ahead with cutbacks and reforms that some fear will only worsen the situation, reflecting a wider austerity versus stimulus debate across Europe.

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