Two items quoted last week continue to make the news this week - tourism and wage cuts.
The Costa Blanca News makes it's headline from the weakening euro and comments that despite the doom and gloom coming from the tourism sector due to the crisis caused by the volcanic ash and airport closures, it was revealed this week that a rise in the exchange rate between the pound and the euro has energised bookings in the UK.
The rate as I write is 1.151, news that has been welcomed by expat pensioners who have, over the last 18 months, seen the value of their pensions fall. Many have been forced to return to the UK.
The exchange rate rise also means that UK holiday makers are now regarding taking a holiday in Spain as cost effective.
The CBN also reported that a strike in the civil service on 8th June is the major response from workers' unions to the financial cutbacks reported last week.
My "price watch" will return next week but just to note that petrol was 1,19 per litre of unleaded yesterday (dowm 2 cents litre)
Family members arrive for a week's holiday this afternoon - blog frequency to resume end of May!
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