Arab Today, arab today spain in crisis clings to christmas treats
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Spain in crisis clings to Christmas treats

Arab Today, arab today

Arab Today, arab today Spain in crisis clings to Christmas treats

Madrid - AFP

\"In previous years you might spend three or four hundred euros on presents, but this year we\'ll be grateful if we can spend more than a hundred,\" said Noelia Serrano, 20, a shopper at the market. Another, Paloma Martin, 51, says she too is spending less this year, fearing the impact of cuts on the health sector in which she works. \"Although I have a job at the moment, I don\'t know whether I\'ll still have it come January or whether they\'ll fire me,\" she says.You know things are serious in Spain when austerity bites into popular treats such as \"turron\" nougat -- a sugary staple of Spanish Christmas dinners. \"We have families who have been coming to buy here for three generations,\" says Amelia Almodovar, manager of Casa Mira, an old turron shop in central Madrid. \"It\'s as if at Christmas, without turron, something is missing.\" Casa Mira is packed with shoppers in the afternoon a week before Christmas -- but  Almodovar has seen demand fall this year. With one in four Spanish workers unemployed, the government is fighting to fix the public  finances through cutbacks that economists say dampen demand. It has failed to raise pensions in line with inflation and has hiked sales tax on various goods. Almodovar says her business has produced at least a tonne less nougat this year than before the crisis started in 2008 -- about nine tonnes in all -- and has not raised prices so as not to scare off customers.Jaime Castello, a professor of marketing at ESADE business school, estimates that spending on Christmas by Spaniards will be 40 percent lower this year than five years ago. As the economy has crumbled since the collapse of a housing boom in 2008, average spending on festivities by a Spanish household has passed from 1,000 euros in 2007 to about 600 euros, he said. \"The impact of the crisis is definitely going to be felt by nearly all Spanish families this Christmas,\" says Castello. \"They will have to focus spending on the essentials of Christmas -- in Spain that means food. Christmas is still a time to celebrate with the family around the table,\" he said. But he added: \"Twenty-five percent of families will have to drastically reduce their budgets. Christmas is going to be very different for them.\"Elsewhere in central Madrid, dozens queue in the cold at Dona Manolita\'s, a lottery ticket outlet that became legendary after selling several winning stubs for the Christmas lottery El Gordo -- \"The Fat One\". A player pays 20 euros for a ticket that gives him a chance to win 400,000 euros from an overall pot of more than 2.5 billion euros. It\'s a typically big kitty for Europe\'s biggest lottery, which has suffered only fractionally from the crisis. Its commercial director Juan Antonio Gallardo says ticket sales have fallen 3.5 percent since 2008 and this year \"are similar or slightly lower\" than in 2011. \"It is a tradition in Spain. It is in Spaniards\' DNA,\" he said. In the queue at the lottery shop, Kiko Villar, 35, is waiting to buy his first ever Gordo ticket. He has been unemployed for a year. \"I have never played before. It never really occurred to me,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain in crisis clings to christmas treats Arab Today, arab today spain in crisis clings to christmas treats

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain in crisis clings to christmas treats Arab Today, arab today spain in crisis clings to christmas treats

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday