Ecuadorian migrants living in Spain using savings from Ecuador due to crisis

Since the beginning of the crisis in Spain is being a phenomenon of “reverse remittances” in which Ecuadorian immigrants living in this country take their savings or sell properties in Ecuador to survive, said Thursday in Madrid, a government representative Ecuador. “From the last three or four years has been noticing a change in remittance flows, it was noted that increasing the amount of money that came from Ecuador to Spain,” said Francisco I Celi, National Secretary of Migrants from visit in Madrid. It is “a phenomenon that parallels the economic crisis, in which families are eradicated abroad to meet their expenses here in Spain began to use their savings in Ecuador, their accounts and selling property “he said. Read Article