Spaniards who do have a job are not faring much better than those who do not. More than 50 percent of the country’s workforce belongs to a new social category popularly known as the mileuristas, those who earn less than €1000 a month. Roughly two in three Spanish workers (63 percent) earn less than €1100 a month, according to the Gestha union of tax inspectors.
But while Spanish and European authorities say budget cuts are necessary, experts warn the Spanish measures could be too much, too fast. A population already on edge could be galvanized to action. Social instability in a country the size of Spain, especially in rejection of European Union-imposed policies, could spread to other countries in the eurozone facing angry publics.