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IPFS News Link • Economy - International

Up in smoke: Eurozone crisis pushes Spanish town to harvest pot

• RT

A “dying” Spanish town suffering from massive unemployment is trying to stem the tide of economic decay the only way they can: by farming pot. Are the desperate measures being taken in Spain a sign of things to come as Europe’s economic crisis deepens?

­Nestled in the foothills of the Serra De Cardo in Catalonia, Rasquera looks like an ideal place to live. But swept up in the wave of mass unemployment that has afflicted the eurozone at record levels, Rasquera is being crippled by jobless rates which stand at over 20 per cent.

To deal with the exodus of young people from the small municipality, the Rasquera’s town council voted on Wednesday to rent out land to a cannabis association in Barcelona to grow marijuana.

But while the “pot for revenue” plan is for now an isolated case, Rasquera could symbolize a deeper malaise being felt throughout Europe.

The jobless rate for the 17-member eurozone in January reached 10.7 per cent, the highest level in the common currency’s history.

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