The economic crisis is hitting Spain very hard. Some say that the effect is being felt harder in this economic zone, especially if we look to the rising tide of unemployed. For a little background perspective we need look no further that the building industry.
When we arrived here ten years ago crime, especially against homes was flourishing. So many people were without work that if you had a home and others didn’t, you were considered fair game. Then came the change from pesetas to euros. That had the effect of forcing a mountain of money out into the open. It had been a form of national sport to cheat the taxman, so money that was held in cash behind all that ironwork covering doors and windows of people’s homes had to be converted into euros. Simply taking it to the bank was not an option as the game would have been exposed. Instead, people did a very strange thing with it: they bought property and built towers for business or for homes, and they also bought expensive cars and yachts, etc. In other words, secret money was turned into very obvious things.
However, the building boom didn’t stop once the changeover to the euro was complete. New developments continued at an alarming pace. The value of real estate rocketed and a lot of people got very rich in the process. Personally, I could not see what was driving the runaway development. It was all around us in our little town of L’Eliana. So much new building was taking place at the same time, the sky was dotted with building cranes, as though they were television antennas.
When I asked who would inhabit all the new buildings people would simply shrug their shoulders. It was hoped that people from Madrid would invest their money in second homes that gave them access to the beaches of Valencia, but other than that there was a definite shortage of warm bodies.
But now all of that has come to a grinding halt. Many building projects have simply been put on hold until circumstances allow for their completion, and new projects are simply not being started except in very few cases. Added to all of that misery is the huge inventory of unsold properties.
That has led to the loss of so many jobs that were held by workers directly involved in building, as well as those in support. This does not augur well for Spain. It suggests coming days of darkness in the near future. Many people who came to Spain in search of work from elsewhere in Europe have either returned home or gone to other countries. Needless to say crime is on the upsurge.
One sector that is being hit hard is that involving driving licenses. Driving schools are seeing their student enrolments falling off. To keep their customers the schools are having to allow credit terms. I have just read that proof of the situation can be seen clearly in the examination centre at El Saler in Valencia where crowds of people would be found all day to take their theory exams or their practicals. Apparently, now by noontime the place is deserted.
The irony is that Trafico has been making it ever more difficult for people to get a pass. Now it seems that circumstances external have taken over that limit the number of new drivers on the road. However, that only means that there will be fewer legal drivers, although to be caught driving without a permit and/or insurance means going straight to jail from the car.
Copyright © 2009 Eugene Carmichael
