Jump to content
House Price Crash Forum
Sign in to follow this  
Guest

33 Months Of Falling Retail Sales In Spain; Austerity The Wrong Way

Recommended Posts

Just the result of open borders with no single world regime. The young and able will leave. Spains population is falling, despite mass immigration from North Africa, skilled local immigration more than offsets this to cause a declining population.

Share this post


Link to post
Share on other sites

yes,it's a real success story for the EU.

There seems to be a concerted effort to suck any dynamism out of the periphery and into the core. I guess it might solve Germanys ailing demographics, but without transfer payments to the PIIGSS, Spain and Greece could well slip into the third world.

OTOH I dont know what benefits are like in Spain, but of the articles ive read these ghost apartment blocks are becoming squatter camps for Morrocans, Algerians etc. They must either get benefits or find some sort of work (or else rip the copper and anything of value from said ghost towns) Either way, they must have found some way to survive.

Share this post


Link to post
Share on other sites

Spain is in a national emergency with no consumer spending, no credit, and no job creation, coupled with strongly rising unemployment.

Austerity the Wrong Way

This is what happens when you implement austerity the wrong way, by raising taxes instead of cutting needless bureaucrats.

The only problem with this statement being the old 'reality' thing.

http://www.bbc.co.uk/news/business-19733995

Revenue surprise

Among the key points presented were:

* a 12% average cut in ministerial spending

* a freeze in public sector pay for the third consecutive year

* a new independent authority to monitor government finances

* an increase in pensions funded by drawing on 3bn euros of reserves

* a new 20% tax on lottery wins above 2,500 euros (£2,000; $3,200)

* a new car scrappage scheme

Ms Saenz de Santamaria said that efforts to close the government's deficit would focus more on spending cuts than tax rises.

The only areas of spending to increase in 2013 would be pensions, student scholarships and interest payments.

Share this post


Link to post
Share on other sites

The only problem with this statement being the old 'reality' thing.

http://www.bbc.co.uk...siness-19733995

Revenue surprise

Among the key points presented were:

* a 12% average cut in ministerial spending

* a freeze in public sector pay for the third consecutive year

* a new independent authority to monitor government finances

* an increase in pensions funded by drawing on 3bn euros of reserves

* a new 20% tax on lottery wins above 2,500 euros (£2,000; $3,200)

* a new car scrappage scheme

Ms Saenz de Santamaria said that efforts to close the government's deficit would focus more on spending cuts than tax rises.

The only areas of spending to increase in 2013 would be pensions, student scholarships and interest payments.

Inconvenient truth. ;)

Spain+versus+UK.jpg

Share this post


Link to post
Share on other sites

They are now going after the expats threatening massive fines if you don't declare all assets outside of Spain (pensions, bank accounts etc).

Share this post


Link to post
Share on other sites

They are now going after the expats threatening massive fines if you don't declare all assets outside of Spain (pensions, bank accounts etc).

For the young it's crap but some salaries are too high. A taxi in a super poor area is still €25 to go 5km down the road.

Share this post


Link to post
Share on other sites

Do you think the Spanish will ever realise that their own politicians and senior civil servants are shafting them - they are OK with their fat salaries and pensions and no doubt love staying in the Euro.

Been said before - all the PIIGS would be better leaving the Euro but their leaders' snouts are firmly in the trough.

Share this post


Link to post
Share on other sites

Do you think the Spanish will ever realise that their own politicians and senior civil servants are shafting them - they are OK with their fat salaries and pensions and no doubt love staying in the Euro.

Been said before - all the PIIGS would be better leaving the Euro but their leaders' snouts are firmly in the trough.

As the UK proves, you don't need to be in the Euro to be shafted by your own politicians and senior civil servants.

Share this post


Link to post
Share on other sites

As the UK proves, you don't need to be in the Euro to be shafted by your own politicians and senior civil servants.

Yes, very true. It is not a national thing is it. It is global. It is, dare I say it, a 'Class' thing. The self-elected elites.

Share this post


Link to post
Share on other sites

It is amazing the difference QE has made!

We still have increasing house prices in London - that's the only measure our leaders are interested in.

Share this post


Link to post
Share on other sites

We still have increasing house prices in London - that's the only measure our leaders are interested in.

Our housing is still one of our major exports....not so much for Spain any longer. ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.