"Out of desperation, full clearance. Madrid city center one called" lemon tea "shops close to such an eye-catching notices. The store clerk to wear T-shirts printed with the same words.

Shops boss Caesar Kaye's view, Spain's debt crisis intensified, he has been unable to continue to maintain their business, must face the harsh reality.

Caesar Kaye said, this store has been open for 15 years. Before the debt crisis in Spain, a day to patronize more than a thousand customers of this store. The crisis came, he daily turnover decreased by about 30%.

Speaking about the reasons for the decline of turnover straight, Caesar Kaye said: "The banking crisis led to the stores of this size to get loans. Increased unemployment makes people purchasing power decline. In order to reduce the fiscal deficit, the Government has greatly increased for our tax base. "

The Caesar Kaye has been decided to sell their stores. At the same time, he will have to sell their homes. And shops employed eight clerks will subsequently lose their jobs.

On the streets of Madrid city center's famous "Puerta del Sol Square, next to, it is easy to see some of the shops of similar ongoing clearance activities. Reporters learned that these shops will be closed soon.

The same shop closures also occurred in Spain, several support dependent on tourism, the economic situation has always been good on the island. Fees belonging to the Canary Islands, Spain Terry island's largest city, Santa Cruz, the reporter saw many small shops in the downtown pedestrian business district hung a "for sale" or "for rent" signs.

The business of the island many Chinese shops also affected by the crisis. From Zhejiang Ms. Nguyen opened a grocery store on a main boulevard of Santa Cruz. She said, a 30% reduction in turnover in the past year. She said the only way to stay in business is constantly lower prices, "can sustain even one day".

Next to in the Terry fee Island tourist city downtown "Constitution Square", the reporter met Mr. Zhang of being a street vendor. He said, they operated a grocery store just closed down, the street vendor, he can only tourist attractions to make a living, selling small toys. He said that one of the reasons for the collapse of their own grocery store is the increase in government revenue, he is now a street vendor to pay the tax also increased, to the Government ? 30 per day.

It is reported that since the collapse of the Spanish real estate bubble, since the debt crisis, have several ten thousand small and medium-sized shops out of business had to shut down. Spanish Chamber of Commerce, said that another 75 000 shops will likely collapse before the end of this year.

The analysis said that the crisis under the influence of Spain, the unemployment rate reached 25%, youth unemployment reached 50%. People followed by a sharp decline in purchasing power, many consumers now buy only the necessities of life, not a last resort, unwilling to open their wallets. This will retail "into the bottomless abyss."

The European Union announced plans to spend 100 billion euros to help the Bank of Spain, the Spanish business circles generally worried that the EU will be to the Spanish Government to improve the products surtax. Improve product surcharges, will directly lead to commodity price increases, consumers will cover their wallets tighter.


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