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Tourism a Key Issue in Spain's Economy

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  • Description

    Tour Espana director general Manuel Butler weighs in on tourism in Spain.

  • Duration 3:48
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And -- hope that the European leaders can heal the ailing eurozone at this week's EU summit are quickly fading.

And my -- -- Webster is Latin Madrid following the latest developments -- -- They Trace a 102 degrees the high in Madrid today but it's the banks really feeling the heat when the Spanish government officially put in a request for a -- out.

Chris pointed we don't know exactly how much money -- asking for but that certainly doesn't help with the sentiment.

But put together with all the latest tragedy is out of Greece for the finance minister quits I don't even think he was sworn in but he quit because of bad health.

And -- the Greek prime minister is having to have surgery on an eyes so he's not doing so -- really couldn't make this stuff up.

But like Greece Spain here is very dependent on its tourism industry so we wanted to know how has the debt crisis.

Affected the number of tourists here.

Well yeah has been well Katie we are paying girl in the year -- Europe.

Here that we have reached last year mean pre crisis level and in 2007.

Aching Vizio where are we going to be on top office dated 2000 now and let them.

I'm seeing in both -- I got chart right about -- and speeding -- -- deterioration in Spain so we are Muller -- today optimistic.

How important is tourism to the Spanish economy is the most important industrial for a for Spain.

Yeah -- -- a multi.

Almost 11% of our GDP.

And it employs about 12%.

All the people.

Employment Spain's here key issue.

You know that we have Qaeda on her and her -- yup that's the income Spain.

Until aid to his -- creating jobs being the only industries -- Stay in dumps me in Spain.

We've seen another country uses -- debt crisis goes on and on that we've seen some protests in the streets especially in Greece's.

We've seen the problems there are you concerned that it will get to that point.

Here in Spain and that could hook for -- It is I think and that's not the same situation in case house in Spain -- that's my personal opinion of course we are react cuts include -- for the -- who.

-- on the contrary he we have they take authentic tuned in these two last year feed computer last year.

I of the artist on the and I think -- countries.

Hey I'm -- I think it's Spain cuts marriage and he he DC -- -- out how secure.

And safety in both this nation I think will be named -- future of the two countries.

The visit Spain most still the UK and Germany.

AA other -- your money is seen plus ten.

Your -- sliding glass there and that it will -- have to consider our -- that if he darts from the German him from the UK communicate with.

-- minus 2% now they have come in Germany where and glass swampland half percent.

He would let me and they countries Jeremy NBC him more I'm more sustained guaranteeing nordic -- -- they -- Scandinavian countries.

On the contrary he -- this in my notes.

-- how to commit with they.

With the economic situation I think it's country.

So he is moderately optimistic and he's absolutely absolutely right Germany and Britain that to most popular countries that visit Spain and I can attest to that there in the shops buying in -- in the Basel calls drinking is what the Germans and -- do so well.

So all eyes on the EU summit that are later this week Trace.

We will be there will -- -- broadcasting live from Brussels on Wednesday in the buzz word will be integration.

Or union the question is does any -- it well we'll find out.

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