UPDATE 1-Air strike hits Spaniards' holiday weekend

Published 12/04/2010, 07:58 AM
Updated 12/04/2010, 08:00 AM

* Air traffic control strike disrupts holiday weekend

* Long December weekend sacred even in weak economy

* Madrid hotels had been fully booked

(Updates with disruption caused by air traffic control strike)

By Tracy Rucinski

MADRID, Dec 4 (Reuters Life!) - Spaniards hoping to make the most of the "puente" this long pre-Christmas holiday weekend were frustrated by a wildcat strike by air traffic controllers which brought airports to a standstill. [nLDE6B301W]

Despite news of tax rises, austerity budgets, soaring unemployment and a euro zone crisis, most Spaniards had planned a "puente" (bridge) day between Monday's Constitution Day and Wednesday's Feast of the Immaculate Conception to create a five-day weekend of shopping, eating and visiting.

But many had their plans thrown into disarray by the unofficial industrial action. Spanish airspace was not due to reopen until Sunday morning after the government declared a state of emergency and sent in the army to staff control towers.

Deputy Prime Minister Alfredo Perez Rubalcaba said: "I reiterate the government's apologies to everyone who has had their plans drastically altered at a particularly important moment, a "puente" that many people ... had looked forward to enjoying."

Madrid hotels had been fully booked by people travelling to see the Christmas lights, take in the shows and shop, despite the government revealing a new tax rise and a speeding up of pension reforms to combat a euro zone sovereign debt crisis.

Spain's own economic problems stem from a decade-long debt-driven construction and property boom that left Spaniards in debt when the bubble burst two years ago.

The good news for the economy is that demand hasn't waned for Christmas knick-knacks from the Plaza Mayor square or discouraged queues along the busy Gran Via for lottery tickets from Dona Manolita, famous for having sold many winning numbers for the "El Gordo" Christmas draw.

The country is struggling to emerge from an 18-month recession, but the recovery has stagnated and unemployment hovers near 20 percent, the highest in the euro zone.

Spain already suffered salary cuts and VAT hikes as the government tries to rein in its public deficit, and a string of new measures, including a higher tobacco tax, were announced on Friday to stave off a bailout like in Greece and Ireland. (Editing by Fiona Ortiz, Alexander Smith and Paul Casciato)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.