Simply interested in all expats views on the current economical situation and in Spain?
Also any views on relocation to Spain at this time workwise?

Times are tough wherever you live however we can afford to live in Spain without too much problem.If we relocate back to the UK we both would need full-time employment.
It is still a lot cheaper to live in Spain than the UK.

It’s difficult for sure, however I think we are coping better than we thought, and summer is just around the corner, so hopes are up with the tourists, I have friends that bought houses 5 years ago when no one knew what the word “Crisis” was and had good jobs so now they have nearly 800€ a month loans to pay back so they have had to move back in to their parents houses and rent their houses for 500€ a month (peanuts) and the rest is being payed by the unemployment office “Paro”, so yes it’s difficult, but the family orientated and close community of Spain are good at adapting and are coping, my mother in law is Spanish and and she is growing more vegetables and fruits than ever… at least 30% or 40% of food is provided in her back campo, this just proves my point. however unfortunately this year has been the year I have seen most Brits move back to the UK, probably for the same reason, they are going back to their families and community to seek help and find a job.

This thread is just superb !

Regards

Romini28

Government is about to go into foreclosure. EU tries to save it. If it fails, investors will be scared and stocks around the world, which would be bad for the U.S. economy will begin to sell.

Friend of ours who is a waiter just got offered a possible waiter job, if there busy during August, he will earn 400.00 Euros for the month doin 6 day shift alternating between Saturdays and Sundays, not tax will be paid as it is not to be declared and if he misses a day sick he’ll lose 60 Euros for each day, which makes no sense.

Yesterday they were down to there last 5 Euro’s until the end of the month, so there hoping he’ll get this work in August, we sent some cash via Western Union until then, as they need food.

They ran out of social payments a few months ago and have been surviving on the wife doin some cleaning work.

Its not a great situation.

It’s going to be tough in Spain for sme years to come. The Government are adopting strict Austerity measures to reduce unemployment, and imrpove the general economy, with a little financial help from the ECB. Also they seem to be cutting down on crime and corruption

Some analysts say the wolrd cup may boost the economy :

The victory of the Spaniards over the Dutch in the World Cup will help the economy, experts say. The euphoria of the victory improves the mood of the population, and the population in a good mood begins to spend more money and shop more frequently. According to ING and ABN Amro banks, the gold medal of the Spanish national team will boost the country’s GDP growth by 0.25-0.5%. Six months ago, Spain’s stock market index IBEX-35 fell by 15.8% and was among the worst in Europe. But during the World Cup the index instantly won back 5.2%.