I live in the Tenerife. Canary Islands are, supposedly, one the top 3 regions with the most consumer debt. Unemployment here is also higher than in the mainlan

I live in the Tenerife. Canary Islands are, supposedly, one the top 3 regions with the most consumer debt. Unemployment here is also higher than in the mainland since there's not much of an economy. There was construction but that bubble burst. There's tourism... and nothing else. The interesting bit is that you don't really see the effects of the economic crisis, not directly. Most everyone drives nice cars, the parking lot at the mall is full, etc. You do see indirect effects, though. There are more security guards at the mall and the supermarket within. One of the cafes installed two video cameras. The pharmacy posted a note that stating that no refunds will be offered on medicine or unused prescriptions. Oh yes, the property prices here are behind the mainland adjustment-wise. Must be due to our awesome weather.