BAILEN (Spain), March 23rd, 2012 - Disaster victim, such is the word which would describe the town of Bailen, in Spain. Considered for the manufacture of its bricks, the explosion of the real estate bubble put an end to the rise of this city of Andalusia.
Strongly touched by the crisis of the real estate in 2008, Spain sees little by little its cities decaying, mainly that which was closely related to the real estate. The crisis passed and the unemployment reached of the tops never unequalled.
Among one of the victims of this unprecedented crisis, the town of Bailen undergoes the by-effects of a crisis which tends to settle. The brick factories formerly prosperous idle there and unemployment prevails. With most extremely of the real boom, Bailen they was 50 factories making live more than 3000 people with 18% of the production of bricks made in Spain.
Diving today in the wait-and-see policy, the economy of the town of Bailen depended to 90% on industry on brick. The people depending on the sector of the manufacture of brick saw their incomes thus dropping considerably. The only alternative which arises in these times of crisis, culture of the olive-tree which brings back on average 500€ in 10 days, a welcome sum certainly but which just comes to relieve the hearths of Bailen.
Phantom unemployment and cities
Spain is currently in a situation of recession which threatens once again financial stability of Europe. With an average unemployment rate of 31,23%, the town of Bailen beats the national record with a rate of 35%. Thus on the 18.763 inhabitants, one counted in February more than 4000 unemployed.
In these cities where employment is done rare, the inhabitants flee to turn to other horizons. For luckiest, a fast reconversion their made it possible to find an employment. More particularly, Bailen one awaits the resumption of the sector even if according to the analysts, construction will still remain in stagnation during several years. In Spain, indeed, more than one million residences is still empty, the prospect for new constructions is thus still weak.