Couldn't see any obvious evidence of problems in Spain (I was in Menorca not the mainland), although it did seem very quiet compared to the last time I went to same resort 3 years ago, also end of season.

We are seeing a few of the "low cost" airlines going under over here in the UK. Sales on everywhere so consumers definitely tightening their belts. Now that HMG has decided to part nationalise what's left of the banking system all will be well I'm sure...