Author: Journeyman Pictures
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Summer Crisis (2010): How are tourism hotspots coping with the financial crisis? For similar stories, see: Greece's Economy May Need to Be Rebuilt From Scratch (2010) https://www.youtube.com/watch?v=LUBS3IeM-OM Recession Impact On Spanish Economy https://www.youtube.com/watch?v=3RfLfpQzzQw The Irish Economic Collapse That's Driving Some to Suicide https://www.youtube.com/watch?v=tEbav2MefH0 Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/4872 Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures Deserted beaches and empty hotels offer a gloomy vista of the European financial crisis. We take a ground-level look at how the crisis is really hitting the people who depend upon tourism to survive. At the Liboro Sanchez olive plantation, the machines are at a standstill. With oil prices hitting rock bottom, this year's harvest will cost as much as the proceeds. The farmer, Liboro, can hardly imagine a future for the business anymore: "We can't keep up with the competition". Down the road the local bar is filled with anecdotes of failed millionaires and collapsed ventures. For Spain in particular it is a crisis of youth, with 40% of those unemployed aged under 25. "If this crisis continues, poverty will worsen dramatically." Across Europe people are looking desperately for a way out of the slump. Travelling from the 'Bank for Ethical Lending' in Barcelona, to the self-sufficient village retreats of Greece, there is a clear trend for a return to 'traditional values' - but is this enough? ORF – Ref. 4872 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.