Tag Archives: budget cuts
Spain’s economy was harshly affected by the 2008 financial crisis and, later, the eurozone crisis. (Just this week, the country’s budget minister said Spain has reached a turning point and may at last be emerging from its financial troubles.) Its efforts to slash government spending left few unaffected, and a recent article by Agence France-Presse detailed the effects on Spanish researchers.
The Prince Felipe Research Center, in the coastal city of Valencia, lost around half of its funding from the Spanish government; as a result, it closed half of its 28 labs and let go 114 workers. María Jesus Vicent told the wire service that her lab had made great strides in prostate cancer research, but there’s no money to move forward into animal testing.
The fallout is obvious: fewer people employed (in a country that already has a staggering unemployment rate) and medical breakthroughs left on the shelf. Less obvious is this anecdote from the story, which demonstrates a near elimination of return on investment: “Now the center’s hi-tech installations are falling into disuse, with its two mechanized operating theaters for animal research now being used for training courses instead.” Continue reading →