Why Portugal and Most of Europe's Economy is in the Toilet

Here's what's happening in Portugal.

There is NO incentive to work. 

Pretty simple.

"But long working hours, often from six in the evening to four in the morning, six days a week, put job-seekers off bar jobs"

"They want to work in hotels, have two days off, good salaries," says a tired-looking Rui Carvalho, the manager of the Second bar. For weeks, he has been trying to make up for missing staff."

"What about those who fail to get hotel jobs? "

"Some people prefer to live on benefits rather than working," says Jorge Sa of the JC bar.

"After all the austerity measures in crisis-hit Portugal, unemployment benefits are still quite generous." 

"At 65% of the pre-unemployment wage, jobseekers get between 419 and 1,048 euros (approx £355-£888; $549; $1,374) a month for the first half-year and 10% less afterwards."

"People in their 20s and 30s - the age typical of bar staff - can receive the benefits for some 12 months, if they have worked for just a couple of years."

"They form a significant part of the Algarve's unemployed. One in four of the 25- to 34-year olds was without a job in March, according to Portugal's statistics institute."

"Not all of them are on benefits."

"Young people live too long in their parents' homes and have no need to get a job," says Lourenco Vicente of the Meet bar.