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


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.