The Depreciation Of The Euro Has Led To A Reduction In The Profits Of The Madrid Garment Manufacturers.

Since the autumn of 2006, the small LAVAPIES has entered a troubled period. First, the downtown commercial Street closed down the road, followed by thousands of business protest parades, wholesale and foreign business and official dialogue, press conference, protest rally.

When these things gradually become calm, it is followed by the economic crisis sweeping the globe, and businesses in this area are beginning to go cold.

At the initial stage, businessmen here didn't care much about it. Many people even thought that, according to the experience of Spain's economic crisis in 1993, the crisis brought about by this crisis will be eliminated within 2 to 3 years. At that time, the LAVAPIES clothing wholesale market will revive.

Three years later, people did not see signs of economic recovery. Instead, they saw business that was not as good as a year.

Some people who rent the store must not start to clear up or change their business.

Some people who buy the shop front are still there, though the business is not as good as before, although the popularity of the wholesale area is getting weaker and stronger, and whether the last adherence can finally become the winner, no one can answer for it.

In August 9th, I came to LAVAPIES to interview the scene of the current depression in the wholesale clothing area.