Article

2012-05-31 Europe

Spain on the brink of financial meltdown

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Posted by phil_b 2012-05-31 04:08|| || Front Page|| [11135 views ] Top

#1 Spain's been "On the Brink" for three weeks now, can't you think up another Headline?

Posted by Recneck Jim 2012-05-31 06:25|| 2012-05-31 06:25|| Front Page Top

#2 Recneck?

Posted by g(r)omgoru 2012-05-31 06:30|| 2012-05-31 06:30|| Front Page Top

#3 Thanks, didn't notice the nym.

Posted by Redneck Jim 2012-05-31 06:34|| 2012-05-31 06:34|| Front Page Top

#4 We do our best

Posted by g(r)omgoru 2012-05-31 06:44|| 2012-05-31 06:44|| Front Page Top

#5 Spain has 2 problems

1 and the biggest is that it thought property was a magic money tree and land inflation wasn't bad.
2 it's stuck in the EUSSR and the EURO and is double stuffed with regard to fixing its economy.

Posted by Bright Pebbles 2012-05-31 06:48|| 2012-05-31 06:48|| Front Page Top

#6 3 it doesn't make anything the world just has to have. Quick now, name a world class Spanish tech or manufacturing company.

Posted by Steve White 2012-05-31 09:05|| 2012-05-31 09:05|| Front Page Top

#7 Gamesa, windmills. Former CEO, Don Quixote.

Posted by Nimble Spemble 2012-05-31 09:08|| 2012-05-31 09:08|| Front Page Top

#8 Ossa 250 motocross motorcycles.

Posted by bman 2012-05-31 10:32|| 2012-05-31 10:32|| Front Page Top

#9 Spain doesn't make anything the world just has to have.

No, but the weight of EU bureaucracy and the overvalued euro is crushing them. The eurozone is like a gainfully employed, financially prudent husband (Germany) with 16 wives who all share one credit card. Some of them have jobs, some of them are shopaholics, some not so much, but the EU wants to subject them all to the same one-size-fits-all rules. The sooner the PIIGS bug out (revert to national currencies), the better off everyone will be.

Posted by RandomJD 2012-05-31 10:40|| 2012-05-31 10:40|| Front Page Top

#10 "The unemployment rate in Norway was 3 per cent of the labor force in March 2012. This represents a decrease of 0.3 percentage points compared with December last year".

Even in the worst of times some do well. Even Brazil has had an influx of Spanish youth in the neighborhood of 300000 all together.

.

Posted by Dale 2012-05-31 20:51|| 2012-05-31 20:51|| Front Page Top

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