"The Spanish black economy is equivalent to 19.2% of the official gross domestic product. The number of jobs in Spain?s underground economy had risen from about 1.5 million in the early 1980s to more than 4 million in the three years to 2008, according to a study co-authored by Ignacio Maule?n, economics professor at Madrid?s King Juan Carlos University. ?When there?s no crisis, no one worries about it,? Maule?n told the Financial Times. ?But now it?s an issue that everyone thinks about, because of the country?s budget deficit.?
About Chinese entrepreneurs and workers in Spain.
http://www.suzannema.com/2012/02/28/why-do-the-chinese-work-so-hard-and-other-questions/
Jun 7, 2012 · zania
No one knows the exact figures because this is, by its nature, a hidden economy.
And Maule?n is correct, it is only now that this subject is becoming a thorn in the side of Spanish financial planning.
Two ways of looking at this.
First, if it wasn't for the black economy in Spain, many Spaniards would be unable to feed their families right now, having run out of Paro or being unable to claim it.
Second, If corruption at a higher level was was denounced and punished diligently, rather than the Government appearing unable to deal adequately with this, then perhaps there would be less sympathy and encouragement for those forced to work in the Black.
And Maule?n is correct, it is only now that this subject is becoming a thorn in the side of Spanish financial planning.
Two ways of looking at this.
First, if it wasn't for the black economy in Spain, many Spaniards would be unable to feed their families right now, having run out of Paro or being unable to claim it.
Second, If corruption at a higher level was was denounced and punished diligently, rather than the Government appearing unable to deal adequately with this, then perhaps there would be less sympathy and encouragement for those forced to work in the Black.