28 June 2010

SPAIN: The New Austerity Unsettles Many With Painful Cutbacks.

NYTIMES/ SUZANNE DALEY describes one family's changing conditions/

    "This was the deal that Gema Díaz, 34, thought she had made: When she took a job with this city as a purchasing agent 12 years ago, she knew her salary would be low. But the income would be reliable. She could expect steady raises, manageable hours, six weeks of vacation, a good pension and the usual benefits — from free health care to subsidized housing.
Now, as Spain embarks on a range of austerity measures, the careful math of Ms. Díaz’s life is coming undone. Her salary is being cut. Her pension does not look so secure. Even the day care for her second child — due in August —will cost more."