The first thing I do every morning as soon as I wake up is flick on the radio. Whatever station I happen to be tuned into, the topic never varies: It’ll be yet another dissection of the economic crisis.
Everybody is affected, either directly or indirectly. The statistics are truly horrifying: Unemployment in Spain stands at 27.5%, and youth unemployment (people aged 25 and under) is a staggering 56.4%. This makes Spain the worst hit country in the Eurozone after Greece. Roughly half the people I know here in Toledo are out of work … it’s a very sad situation indeed.
You don’t have to look very hard to see the signs – dilapidated buildings, an army of beggars and homeless people (who are clearly not alcoholics or drug addicts) lining the streets, daily demonstrations against the government’s punishing spending cuts and mass lay-offs and, of course, an ever-expanding scrawl of graffiti on the walls.
How is the global economic crisis affecting the places in your corner of the world?