Spain ready to exit bank bailout scheme

The country has one of the highest unemployment rates in Europe and banks have clamped down on lending.

Spain is preparing to exit the international bank bailout scheme.

But ordinary Spaniards say they are not convinced the economy has recovered.

The country’s unemployment rate is one of the highest in Europe, there is more public and private debt and banks have clamped down on lending, which some say is hindering any upturn in the economy.

The government said the recent drop in jobless numbers is evidence that its measures are working. Though that reduction might have more to do with the number of people leaving the country to look for work.

Al Jazeera’s Sonia Gallego reports from Madrid.

Source: Al Jazeera

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