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The disaster of young people in Spain

thetrader's picture


By www.thetrader.se

The Trader has been covering the Spanish economy over the past year. At this stage many investors know about the imploding Spanish economy, soaring yields etc. Unfortunately, there are other problems Spain faces as a consequence of the economic situation. These are long term problems, that require delicate handling. On the unintended consequences, via El Pais.

The slow drain is not so slow anymore: between January and June, 40,625 Spaniards left the country, a 44.2 percent rise from the same period last year, according to population estimates released by the National Statistics Institute (INE). Another 228,890 foreigners left at the same time.

“We have become a land of emigration, after being a land of immigration. More people leave than enter the country because we are unable to retain them,” explains Antonio Izquierdo, a professor of sociology at A Coruña University. “If a country’s wealth lies in its population, then we are losing wealth.”

One of the people that Spain has lost is Clara San Millán, a 27-year-old architect from Salamanca who moved to Denmark last February. For the first time, in the town of Aarhus, she has found a “real job.”


“In Spain it is very difficult to start working. The most you usually find is an internship where you make very little money or none at all,” she says. Now, she makes around 2,000 euros, of which she pays around a fourth in taxes. (Full article here).

And the problems of young people never moving out of their parents’ homes.

I want to move out, but I don’t see how. I have never considered that option,” says Paula in resigned tones. At age 28, she is an elementary school teacher who has always lived with her parents. Since graduation she has only worked three times as a substitute teacher, always for short periods.

“The longest I ever worked is four months,” she explains. Now she has a one-month contract to work as a summer camp monitor for four- and five-year-olds. In August she will be back in the unemployment line, and is contemplating moving to another country to find more regular work.

Full article click here.

Still one of the best videos on the European crisis click here

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Tue, 07/24/2012 - 23:30 | 2647955 mjk0259
mjk0259's picture

"Figures show that the number of people between 16 and 34 years of age who need financial support from their parents to make ends meet grew from 40.7 percent in 2005 to 44.1 percent in 2011. The report lays the blame on job instability and unemployment levels."

That's not much of an increase. 2005 was a boom time.

Tue, 07/24/2012 - 23:05 | 2647892 q99x2
q99x2's picture

They have food, beer, music, internet, and they don't have to work what the heck else do they want? Maybe some shrooms.

Tue, 07/24/2012 - 23:19 | 2647928 AldousHuxley
AldousHuxley's picture

British middle class immigrating to USA

Spanish middle class immigrating to MEXICO


Hey Europe, get rid of your royal aristocrats and make the upper class work.

Tue, 07/24/2012 - 23:03 | 2647885 mharry
mharry's picture

If she looks anything like Laeticia Casta she can come live with us, I'll even pay the airfare. I'll figure out the lies for my wife later.

Tue, 07/24/2012 - 22:25 | 2647818 logicalman
logicalman's picture

Back to reality, folks.

Everyone falling over themselves to buy shit they don't need with money they don't have and getting stressed about it.

Live small - do without gadgets and new cars.

You end up with time to enjoy the simple (mostly free) pleasures of life AND you reduce how much you feed the monster.


Tue, 07/24/2012 - 23:24 | 2647940 AldousHuxley
AldousHuxley's picture

that's America.


In Europe most people have a lot less materials....partially due to VAT of 20-20% on every thing and not having Chinese suicide slaves make things for you.


I mean look at computer monitor in the picture...still running windows XP.

Illegal Aliens in US have more stuff than typical Europeans.


Tue, 07/24/2012 - 22:14 | 2647803 engineertheeconomy
engineertheeconomy's picture

The Spaniards of old would not have put up with this horse crap. A couple hundred years ago the Bankers would have been burned at the stake for the kinda shit their pullin nowdays

Tue, 07/24/2012 - 21:58 | 2647774 New_Meat
New_Meat's picture

In the U.S., there were like 80k hires vs. 85k folk going onto SSDI.  I'm wondering, in a similar vein, what the numbers/ratio are of Caliphate hires vs. self-exporters?

Andelusians and Valencians gonna be in a world of hurt, I'm thinking.

- Ned

Tue, 07/24/2012 - 21:20 | 2647704 which way weste...
which way western man's picture

communism always ends the same way.  Amazing most people don't understand their own circumstances and environment.

Tue, 07/24/2012 - 23:29 | 2647950 AldousHuxley
AldousHuxley's picture

communism/socialism is a result of elites abusing power over labor just like unions.

even the talented and hardworking will elect communism when the difference between superrich and them is so great that they pretty much already have communism.





Tue, 07/24/2012 - 21:15 | 2647696 Buck Johnson
Buck Johnson's picture

No kidding, your dead on.

Tue, 07/24/2012 - 15:53 | 2646699 SmittyinLA
SmittyinLA's picture

“If a country’s wealth lies in its population, then we are losing wealth.”

A nation's wealth lies in it culture, not population, there is a huge difference, if simply "growing the herd" made you rich Banglidesh would have the highest living standards on the planet. 

Growing population doesn't necessarily "grow the economy", especially if you "pumped" the population growth with fraud and debt

Really what's happening worldwide is the "immigrant fantasy" debt bubble is bursting, wait till Obamacare kicks in and the mass-exodus will occur in USA too.  

Tue, 07/24/2012 - 15:47 | 2646673 Hedgetard55
Hedgetard55's picture

Choommaster Barry will give jobs to all the under 30's... as prison guards at the FEMA camps.

Tue, 07/24/2012 - 15:38 | 2646638 LMAOLORI
LMAOLORI's picture


WTF Chart of the day

The average freaking Spaniard has a higher net worth than you



Spain clashes video: Violence erupts as million-plus protest in 80 cities



Tue, 07/24/2012 - 15:13 | 2646541 zippy_uk
zippy_uk's picture

All you crazy young people in the US, UK and the EU can all have jobs, you just need to let all the nice young people in China and India get jobs first...

And diverting topic slightly - TYLER can we get this posted up on the RBS IT shambles - looks "bury bad news dayitis" with a feeble admission that India IT works "may have been involved".


http://www.newsletter.co.uk/news/local/rbs-admits-india-role-possible-during-crash-1-4084457 http://www.newsletter.co.uk/news/local/union-had-concerns-over-outsourcing-1-4084729

Tue, 07/24/2012 - 15:06 | 2646511 debtor of last ...
debtor of last resort's picture

Enjoy your free time. Getting everyone a job is soooo fucking socialist.

Tue, 07/24/2012 - 15:05 | 2646507 Meesohaawnee
Meesohaawnee's picture

and it will be any different for the UUT of america? they are screwed just as bad but they have their IPHONES.. nothing else important.

Tue, 07/24/2012 - 15:01 | 2646491 falak pema
falak pema's picture

do you realize you are writing in a libertarian blogsite where feeling sorry for people, showing compassion, is downright socialist, even commie! Let those young spaniards burn! 

Here what goes is the Hour of the gun! And the OK corral is the rendez vous of each fight club, where we take no prisoners! 

You have to be a trader who believes above all that making a buck is the essence of life; a Kyle Bass who can call your hand on a pair of deuces! 

Thats what libertarianism is. All John Galt and lots of scottish malt! 

Sept secondes en enfer (1967) - IMDb

I am being tongue in cheek; that is the graffiti of true literature! Especially under bubbly bubble-o-nomics influence. 

Wed, 07/25/2012 - 07:36 | 2648383 StychoKiller
StychoKiller's picture

Hope you didn't strain yerself, jumping to such a conclusion!

Tue, 07/24/2012 - 16:00 | 2646729 PoorByChoice
PoorByChoice's picture

Falak, there are a lot of communists\socialist and fascists who are quite happy to see young people burn in defence of their ideology too.... 

In fact the "commies" scorecard pretty much puts everyone else to shame.

I consider myself a libertarian and I'm certainly not happy seeing this destruction of youth across europe, what could possibly be more wasteful in all humanity?

and please don't waste yourself on a riposte about how lots of regulation would have prevented all this.

LIBOR was supposedly well regulated and see how that's all working out for us

and as for fancying a bit of a spat, I prefer irish to scottish whiskey. 

Try"Redbreast" 12 year irish, it's a blended so might be easier on your sensitive palate... LOL!

Tue, 07/24/2012 - 19:11 | 2647439 sessinpo
sessinpo's picture

I think just about any party will sacrifice others for their ideology.

Tue, 07/24/2012 - 16:19 | 2646787 falak pema
falak pema's picture

listen my broguish friend, if you speculate on the market to burn the people of countries who are being double penetrated a) by their own crony capitalists b) by the speculators of the world, whatever your beliefs you are in my book a fellow traveller of the Oligarchy shills. When your money is contrary to the grain of decency, whatever your convictions, your compassion is as shallow as the guardians of Abu Ghraib who invaded Irak "to save democracy and destroy despotism and WMD". 

As far as Guinness and irish whisky is concerned i'll leave it to you. But if the libertarian flag carries you to such measures like the conquistadors of old, then it is a sign whereby your acts disdain the beliefs you adhere to.

Choose your beliefs or your acts, your money or your wife, and damned be he who cries hold enough! 

Tue, 07/24/2012 - 17:02 | 2647106 PoorByChoice
PoorByChoice's picture

"a) by their own crony capitalists b) by the speculators of the world c) Their own governments that they voted for  "

Fixed it for ya! LOL!

(Lets be puttin the blame were it rightly lies me fine friend)


And how did that reply mark me as someone who supported the "Irak" war, detention without trial and a speculator who buys puts on the Spanish economy,

I'm using my spare cash to buy Sovereigns!

Sadly I don't have enough cash to buy Sovereign nations yet :)

and I'm getting precious little reward for my subserviance to the Oligarchs too

Please reply to my first point though, who has a better deathmatch scorecard:-

a) "Commies" (or Socialists who really don't care)

b)  Fascists

c) Libertarians

tick, tick, tick, tick

Oh! times up falak. 

answer was of course those glorious guardians of the human spirit the Commies  (sound of clapping from audience well marked by machine gunners)

Tue, 07/24/2012 - 18:10 | 2647313 falak pema
falak pema's picture

if you vote for your government then they CANNOT be commies but elected democratic ones who have betrayed their faith and trust by becoming crony capitalists; not commies. Methinks your irish whisky befuddles your brain like drizzly rain.

Commies NEVER are voted into office. That is why its a DODO breed. They don't belong to current first world reality; crony capitalists do, as surrogates to Oligarchs. Thats current reality and barking up the wrong tree is a sign you are still fighting yeserday's war not tomorrows; thats the writing on the wall! 

Tata and have a nice swig. The machine guns today are held mostly by neo-feudal capitalists and their stooges to guard the sacred oil patch. 

Tue, 07/24/2012 - 19:16 | 2647444 sessinpo
sessinpo's picture

And duly elected Vladimir Putin is? I know he left the communist party after 16 years, but the United Russia party isn't much different. Socialism is just the sister of communism.

Tue, 07/24/2012 - 21:22 | 2647706 bigkahuna
bigkahuna's picture

fascism, communism and socialism are all forms fo oligarchy - right along with all forms of capitalism (crooked and LAWFUL).

republic? monarchy? oligarchy? Thats all you get.

There is no republic in the US and Europe though I believe that the queen in Britain is able to sweep the Parliament to the side if she wants? Then you would have a monarchy instead of an oligarchy there.

They are all oligarchys.

Tue, 07/24/2012 - 15:19 | 2646556 slackrabbit
slackrabbit's picture

Fuck what wit.

What Fuckwit.

Tue, 07/24/2012 - 15:23 | 2646569 falak pema
falak pema's picture

a tit or a twit are both worthy of wit. 

Tue, 07/24/2012 - 15:03 | 2646498 Clueless Economist
Clueless Economist's picture

...oh just shut your piehole

Tue, 07/24/2012 - 15:07 | 2646509 falak pema
falak pema's picture

does it hurt to expand on that?

I feel like wanting a good fight.

Tue, 07/24/2012 - 19:40 | 2647506 dark pools of soros
dark pools of soros's picture

let 90% of the people die...  those that die can reincarnate back and have their turn in the new energy abundant utopia... or not if that ends up being a big bucket of horseshit but atleast we will get rid of traffic

Tue, 07/24/2012 - 15:00 | 2646484 Gromit
Gromit's picture

South America lost many young people to Spain over the last decade, now thye are coming home.

Tue, 07/24/2012 - 20:05 | 2647581 duo
duo's picture

Japan's  economic miracle was turning a third of their workforce into $18K/year slaves.  At least living with your parents until 45 isn't as strange as it is in the US.

Tue, 07/24/2012 - 20:05 | 2647579 steve from virginia
steve from virginia's picture

Out of the frying pan into another frying pan ...

Tue, 07/24/2012 - 22:54 | 2647866 TrainWreck1
TrainWreck1's picture

Out of the frying pan and into the Ronco Showtime Rotissierie Grille.




Tue, 07/24/2012 - 14:52 | 2646455 Hedgetard55
Hedgetard55's picture

Mars needs women.

Tue, 07/24/2012 - 15:20 | 2646560 covert
covert's picture

the key is to live off the  abondoned land and to produce therefrom.


Tue, 07/24/2012 - 19:24 | 2647473 mick_richfield
mick_richfield's picture

Hooray!  Excellent idea!  Take land.  Just take it.  Take it from the State.  Take a piece of a large park.

Plow the ground and start growing food.

When the cops come -- tell them "Join us!"  Give them food. 


If you wait for the government to help you, you'll end up as a bleached skeleton -- still waiting.


Tue, 07/24/2012 - 15:10 | 2646524 engineertheeconomy
engineertheeconomy's picture


fixed it for you

Tue, 07/24/2012 - 15:07 | 2646518 Getting Old Sucks
Getting Old Sucks's picture

And Venus needs men.

Tue, 07/24/2012 - 15:43 | 2646659 hedgeless_horseman
Tue, 07/24/2012 - 15:48 | 2646678 Titan Uranus
Titan Uranus's picture

I resemble that comment.

Tue, 07/24/2012 - 16:44 | 2647012 falak pema
falak pema's picture

I resent the resemblance of a bleached planet like a platinum blonde on the run.

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