Spanish government to offer extra unemployment benefit
18/08/09 11:52
The Spanish government has announced it is to extend unemployment benefit.
Workers who no longer qualify for state aid could now receive €420 (£361) per month, in a move which could help around 340,000 people.
The measure will be to improve the incomes of people who earnings are less than €468 (£403) per month and have agreed to take part in job training schemes.
Deputy prime minister Maria Teresa Fernandez de la Vega announced the initiative in response to the country's rising level of unemployment.
British expatriates who move to Spain commonly put their finances in order before they leave, taking care of international health insurance and banking issues.
Independent financial advisor Barry Davys told Sky News recently that retired expatriates are more affected by UK policies, because the strength of the pound and interest rates can reduce the value of their savings.
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