Monday, March 10, 2008

Spain to Boost Economy with vast programme of Public Works

Spain's victorious Socialists turn to economy

The wheels have fallen off Spain's construction industry which has for years relied on ballooning private debt, with unemployment rising by 50,000 in February alone the new socialist government labour spokesman Jesus Caldera (I didn't make it up) stated that, "We have the confidence that comes from a budget surplus"; Hmmmm

Posted by enuii @ 07:14 PM (652 views)
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6 thoughts on “Spain to Boost Economy with vast programme of Public Works

  • Their budget surplus was built largely on the construction industry. Increased government spending has just one meaning :
    Increased Taxes………. Welcome to Globalization.

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  • Spain enters recessionary territory with a budget surplus to keep them buoyant. Britain has “the worst budget deficit in Europe”, according to shadow chancellor George Osborne.

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  • japanese uncle says:

    What has become of the Stability and Growth Pact, introduced with pomp and circumstance years ago?

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  • also sold to rent says:

    Exactly. I just can’t see a package of tax cuts and public works coming our way seeing as Gordon has spent everything in the cookie jar. On the other hand at least GB has some fiscal rules (and sort of sticks to them sometimes) otherwise we’d be looking down the barrel of a Zimbabwe style inflation gun like the US and their crazy government/fed.

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  • All governments know is spend, spend spend.

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  • it_is_going_with_a_bang says:

    Well i’m all for a public works program that involves finally finishing the A27 that the Labour party decided to scrap in 1997.
    10 years of traffic jams . Yes, they can start right here.
    They want to build 2000 homes in this area and the roads are a nightmare already.
    Build the roads then the houses. Get it right for a change.

    rant over.

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