Financial Times FT.com

Spanish economic slowdown hits remittances

By Mark Mulligan

Published: April 26 2008 04:48 | Last updated: April 26 2008 04:48

Of a combined monthly income of €1,400 ($2,200, £1,100), Rosa Dominguez and her partner send €200 a month to their two daughters in Bolivia, where they live with their grandmother.

The remittance, which has hardly varied since the couple arrived in Madrid two years ago, allows the girls, who are eight and 10, to eat well and treat themselves to the occasional new dress.

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