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Sun 5 Aug 2012 12:20 PM

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Tourists flock to Barcelona as Spain inches towards a full-scale bailout

Tourists flock to Barcelona as Spain inches towards a full-scale bailout
People sunbathe at the La Mar Bella Beach in Barcelona, Spain. (All images courtesy of Getty Images)
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Tourism is the largest contributor to the welfare of Spain's economy.
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Catalonia is the main destination for tourists, with 6.3 million visitors for the first half of the year, 12.3 percent more than in 2011.
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Spain is in its second recession in three years with an unemployment rate of nearly 25 percent.
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Many of the country's regional governments are starting to run out of money while austerity measures and labour reforms brought in to try to calm financial markets and appease EU partners are stifling the economy.
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Last week the Spanish government cut its economic growth forecast for 2013 from 0.2 percent growth to a contraction of 0.5 percent.
Tourists flock to Barcelona as Spain inches towards a full-scale bailout
Spain is due to become the fourth eurozone country, after Greece, Ireland and Portugal, to get bailout funds.