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Unemployed Spaniards Struggling to Find Work

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  • Description

    Unemployed Spaniard Manuel Benitez says the economy is getting worse.

  • Duration 2:02
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The things are looking at strong demand -- -- a Spanish bond auction this morning many worried.

The -- 125 billion dollar bank bailout won't be enough Ashley Webster in Madrid with the latest actually.

-- how you doing Connerly you know that bond auction didn't go well earlier today but it came at a high price that three year Spanish notes having -- yield to some five and a half percent that's more than double.

Them was paid back in March that gives you a sense of the a high costs that Spain is having to pay right now.

We are awaiting the results of the latest order -- on Spanish banks it may be out we understand within the next.

Ten minutes and then we'll get a better understanding perhaps of how much money the Spanish banks need.

With regard to the bailout money up to a 125 billion dollars available -- how much of that do they need is that enough.

We would hope so certainly but.

In the meantime we could certainly see and feel the -- signs of stress here in Madrid.

Earlier today I ran into a man by the name of Manuel Benitez and pretty typical I think of the people here in Spain who are struggling to find a job and I asked him how badly Spanish economy.

Really years.

Proof it's while it's impossible to as far as politics sometimes.

And stricken people who we are -- -- -- we are living room around and where.

We're being asked for two months and eventually -- it's.

It's gotten worse -- its -- and worse and worse.

It's very hard that in the and unemployed for -- -- when healthier of this microphone and I'm coming from non jump into -- And it's.

Question do you.

By the way -- Emmanuel allow was sudden going for a job from IBM he said there -- two positions opened five candidates he's got his fingers crossed and we wish him the very best in the meantime guys.

We'll be keeping an eye on that bank -- -- bring you the very latest from Madrid back to you.

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