NewsWhore
07-17-2012, 05:20 PM
Not only has the economic crisis affecting Spain put the amount of remittances that reach the town of Vicente Noble "in the red," but it has forced many people who used to wait for their "pennies" to have to "scratch together" money in order to support their relatives who await the fund in the "Motherland." Juana (not her real name) lives in a tumbledown shack and yet she collects what she can to send to her son in Spain. "This woman came here to ask for some help in order to bring her son home and I did not dare to tell her about the conditions in which he is living there," commented one of her neighbors who just returned from Spain.
One of Juana's neighbors told Diario Libre that the young man wanders the streets of Madrid and sleeps under bridges. Like Juana's son, every day there are more cases of people who are sending money to their relatives in Spain, to the very same people who not long ago were the providers for their families here. According to remittance company Vimenca, remittances sent to Spain from the town of Vicente Noble have been going up over the past five years, with a 57.2% increase.
In 2007, Vimenca handled 134 transactions for remittances to Spain from the southern town and the number increased to 184 in 2008, 203 in 2009, 214 in 2010, and 234 in 2011. This was the inverse of what has happened with transactions of money that arrived from Spain to Vicente Noble over the same period. The number of remittances from Spain was 855 in 2007 and it went to 986 in 2008; nevertheless it fell to 961 in 2009 and 934 in 2010 until it recovered a little bit last year when it reached 962 transactions. In 2011 alone, Vimenca handled 2,507,100 transactions of which 137,000 were from Spain.
More... (http://www.dr1.com/index.html#7)
One of Juana's neighbors told Diario Libre that the young man wanders the streets of Madrid and sleeps under bridges. Like Juana's son, every day there are more cases of people who are sending money to their relatives in Spain, to the very same people who not long ago were the providers for their families here. According to remittance company Vimenca, remittances sent to Spain from the town of Vicente Noble have been going up over the past five years, with a 57.2% increase.
In 2007, Vimenca handled 134 transactions for remittances to Spain from the southern town and the number increased to 184 in 2008, 203 in 2009, 214 in 2010, and 234 in 2011. This was the inverse of what has happened with transactions of money that arrived from Spain to Vicente Noble over the same period. The number of remittances from Spain was 855 in 2007 and it went to 986 in 2008; nevertheless it fell to 961 in 2009 and 934 in 2010 until it recovered a little bit last year when it reached 962 transactions. In 2011 alone, Vimenca handled 2,507,100 transactions of which 137,000 were from Spain.
More... (http://www.dr1.com/index.html#7)