Crisis in Spain causes Ecuadorian immigrants to tap their savings in Ecuador

The poor economic situation that currently lives in Spain, gradually complicates the permanence of Ecuadorians in that country. In fact, the Spanish prime minister, Mariano Rajoy, a few days ago predicted that unemployment will be even greater in 2012. “We are facing a critical situation, with an unemployment rate of 22.9% (5.3 million people out of work). Unfortunately these figures will not improve in the short term. Moreover, during 2012 will worsen, “Rajoy said on Wednesday.

And that announcement before the Spanish Parliament was taken with disappointment by Ernesto Jimenez, who lives in Madrid for eight years along with his wife and two children. His sister, Sara, who lives in Quito, has the call from his brother last Friday was total panic. Read Article