The Spanish government plans to grant 250 euros ($290.05) a month to young people on low incomes to help them pay their rent, Prime Minister Pedro Sanchez said on Tuesday at an event in Seville.
Spanish bonus for young people to leave home!
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This sounds great but hardly a sustainable economic model. The reason young people are being priced out of property market in Majorca is high prices in comparison to earnings. The subsidising of poorly paid jobs by taxpayers money or in this case probably borrowing is a continuation of a low wage low skill economy that robs young people of better employment opportunities This approach is close to state serfdom and no democratic nation can countenance this.