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Spain looks to Germany for money and jobs

Monday, Feb 04, 2013 - 01:38

Feb.4 - Spanish unemployment continues to rise with the more than half of under twenty-fives out of work. We speak to students at a language school in Barcelona, and find out why applications for German courses have soared. Ciara Sutton reports

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Another trip to the job centre for 24 year old Ana Garcia. She's part of Spain's youth unemployment crisis - 60 percent of under 25s are out of work. (SOUNDBITE) (Spanish) ANA GARCIA, UNEMPLOYED, SAYING: "Last year I searched job websites from morning until night - I even got up in the middle of the night to check for anything new - now I take it a little easier for the sake of my stress levels" Latest official figures show unemployment rose 2.7 percent in January. The labour ministry says almost five million are now out of work - although the real figure is thought to be nearer six. Many young Spaniards are living with their parents well into their thirties The only answer for some is emigration. The Goethe language Institute in Barcelona has seen a 75 percent increase in applications in the last two years. The language of choice - German. Twenty one-year old engineer Eva Sanchez as been learning for two years and is heading to Germany in the summer. It has one of the lowest levels of unemployment in the euro zone (SOUNDBITE) (Spanish) STUDENT OF GERMAN LANGUAGE STUDENT EVA SANCHEZ, SAYING: "There is nothing here so I have to leave. This is not what I want to do but if there's nothing here I can't stay. I have been studying for five years and my parents invested in my education." Mariano Rajoy is well aware of the problem. He's visiting Germany in the hope the euro zone powerhouse can help. And he needs all the support he can get at the moment. Calls for his resignation over a corruption scandal he denies are growing. And to make matters worse Spanish government bond yields rose sharpy on Monday as growing uncertainly makes investors nervous.

Spain looks to Germany for money and jobs

Monday, Feb 04, 2013 - 01:38

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