Europeans will still go on holiday this month, even if it’s only in their own backyard

... All of Spain is feeling the pressure of the euro crisis. Everyone’s nightmare is the widening spread, the extra yield that investors demand to hold Spanish bonds instead of benchmark German bonds. After 15 years of a booming economy, many Spaniards are forced to face a summer of austerity. Those who aren’t giving up their vacation altogether are picking tourist spots close to home, like Carmen and Antonio. Others are heading back to their hometowns to visit their relatives, as they did when they were children. “I haven’t been in El Pinillo for 25 years,” says Raul, an employee of the public sector who has just arrived from Sevilla.