SUBSCRIBERS

Black economy clouds Spain's recovery from crisis

Published Mon, Jul 27, 2015 · 09:50 PM
Share this article.

Madrid

MANY of Spain's five million unemployed dream of finding a steady job in the economic recovery vaunted by the government - but a legion of undeclared workers still scrape by cash-in-hand.

"Nowadays the phrase 'steady job' means nothing in Spain," said Paloma Sotillo, 43. She is one of 1.7 million people in Spain who admit to earning at least part of their pay in the "black economy", without tax or social security contributions.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here