Category: Spain

Spanish, EU Social Safety Nets Fray with Debt Crisis


This was the deal that Gema Díaz, 34, thought she had made:

When she took a job with this city as a purchasing agent 12 years ago, she knew her salary would be low.

But the income would be reliable.

She could expect steady raises, manageable hours, six weeks of vacation, a good pension and the usual benefits —

from free health care to subsidized housing.

Spain Economic Forecast


From 1994 to 2008, Spain’s economy was enjoying annual growth but when the global financial crisis hit, Spain suffered. Interestingly, because Spain has a mixed capitalist economy, the Gross Domestic Product or GDP on a per capita basis is considered one of the largest in Western Europe.

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Categorized as Spain