While the world has been cheering Greece changing old debt with new debt, the Spanish situation persists. The lost  youth generation is suffering more by the day, while the EU will try solving Spain’s “sudden” 90 billion Euro budget “overdraft”. The real problem Spain is facing, the enormous unemployment among young people, is a situation totally out of control that risks taking down the fragile economy into the abyss. From El Pais via Google:

Six years ago, in August 2005, a young Catalan wrote a letter to this newspaper. It was titled ’I am mileurista’, a term she coined. Carolina Sheriffwas then 27 years and complained about the precariousness of his generation: ”The mileurista is that young, 25 to 34 years, licensed, well trained, speaking languages, has postgraduate, masters and workshops.Usually started in the hotel, has spent long periods in unpaid work,euphemistically called fellows, practical (of course), trainings, etc.. Nowlooking back, and want to feel satisfied, because after two contract renewals, we have fixed (…) It takes three or four years in the labor circuit, hopefully halfquoted (…). The trouble is that not make more than a thousand euros, withoutextra pay, and better not complain. No save, no house, no car, no children, lives a day. Sometimes it’s fun, but tired (…) “. Contemporary interpretation ofthe letter leaves a bitter taste.

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