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Open the Bubbly.......

Open the Bubbly.......

Old Jul 16th 2013, 12:21 am
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Default Open the Bubbly.......

.......The Recession is over.

http://www.thelocal.es/20130715/spai...onomy-minister

"The recession is over. The question now concerns the strength of the recovery,"


On the other hand,

http://www.thelocal.es/20130716/spai...e-in-2014-oecd

The OECD expects Spain's unemployment level to hit 27.8 towards the end of 2014, the organization said in a report published on Tuesday.

There was also a danger that the large number of long-term unemployed people in Spain could result in cyclical unemployment becoming structural, the organization said in its Employment Outlook 2013 report.

The OECD highlighted the fact that Spain's rate of long-term unemployment (12 months or more without work) had been steadily rising for some years.

In the last quarter of 2007, 19.1 percent of unemployed people in Spain had been out of work for a year or more.

But this figure had ballooned to 47 percent of Spain's jobless by the end of 2012.

"This large increase is of concern because it may be harder for the long-term unemployed to return to work because of skills depreciation and a loss of motivation leading to a rise in structural unemployment that may be difficult to unwind," the OECD said in the latest instalment of an annual report on the employment outlook among the organizations 34 member states.

The report's authors also noted youth employment had plummeted by 21 percent since the start of the crisis, or five times more than the OECD average.



Someone trying to lead us up the garden path ?

Last edited by Dick Dasterdly; Jul 16th 2013 at 12:36 am.
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Old Jul 17th 2013, 4:25 am
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Default Re: Open the Bubbly.......

Interesting post ... let´s just open the bubbly anyway!
On a serious note, I wonder how much unemployment can be off set against people getting the heck out of here in search for work?
I understand that many hotels in the UK are very well able to converse in Spanish these days
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Old Jul 17th 2013, 4:54 am
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Default Re: Open the Bubbly.......

Lies damned lies and statistics. Do any of us know the truth?
I read a report today that unemployment in the USA Is heading down below 7 percent this year.
Half an hour later, I read another saying that whilst the number ofpeople in the USA actively seeking work was going down, the number who have just given up is going up faster?
In the UK the number in work is higher than it has ever been, and has been for some time. But the numbers unemployed in all categories is still horrific.
So what do you believe?
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Old Jul 17th 2013, 5:02 am
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Default Re: Open the Bubbly.......

Originally Posted by bigglesworth
Lies damned lies and statistics. Do any of us know the truth?
I read a report today that unemployment in the USA Is heading down below 7 percent this year.
Half an hour later, I read another saying that whilst the number ofpeople in the USA actively seeking work was going down, the number who have just given up is going up faster?
In the UK the number in work is higher than it has ever been, and has been for some time. But the numbers unemployed in all categories is still horrific.
So what do you believe?
That just about hits the nail on the head! For any report, there seems to be a counter report ...
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Old Jul 17th 2013, 7:25 am
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Default Re: Open the Bubbly.......

Originally Posted by Dick Dasterdly
.......The Recession is over.

http://www.thelocal.es/20130715/spai...onomy-minister

"The recession is over. The question now concerns the strength of the recovery,"


On the other hand,

http://www.thelocal.es/20130716/spai...e-in-2014-oecd

The OECD expects Spain's unemployment level to hit 27.8 towards the end of 2014, the organization said in a report published on Tuesday.

There was also a danger that the large number of long-term unemployed people in Spain could result in cyclical unemployment becoming structural, the organization said in its Employment Outlook 2013 report.

The OECD highlighted the fact that Spain's rate of long-term unemployment (12 months or more without work) had been steadily rising for some years.

In the last quarter of 2007, 19.1 percent of unemployed people in Spain had been out of work for a year or more.

But this figure had ballooned to 47 percent of Spain's jobless by the end of 2012.

"This large increase is of concern because it may be harder for the long-term unemployed to return to work because of skills depreciation and a loss of motivation leading to a rise in structural unemployment that may be difficult to unwind," the OECD said in the latest instalment of an annual report on the employment outlook among the organizations 34 member states.

The report's authors also noted youth employment had plummeted by 21 percent since the start of the crisis, or five times more than the OECD average.



Someone trying to lead us up the garden path ?
Brussels is meeting today to see if they will demand the return of the "€2.800 millones" of tax lease that has been pumped into the Spanish dockyards to keep them afloat. If they do, 87,000 jobs are supposedly at risk of disappearing. That'll knock the figures up a bit. I see Rajoy has been grovelling to Barrossa trying to avoid the worse case scenario.

http://www.abc.es/economia/20130717/...307161617.html
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Old Jul 17th 2013, 8:40 am
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Default Re: Open the Bubbly.......

Originally Posted by agoreira
Brussels is meeting today to see if they will demand the return of the "€2.800 millones" of tax lease that has been pumped into the Spanish dockyards to keep them afloat. If they do, 87,000 jobs are supposedly at risk of disappearing. That'll knock the figures up a bit. I see Rajoy has been grovelling to Barrossa trying to avoid the worse case scenario.

http://www.abc.es/economia/20130717/...307161617.html
Yes, I've been following that one, another nice little earner care of the EU taxpayers.
Got to hand it to them they certainly know how to screw the system like nobody else, there again practice makes perfect , not before time a few of their chickens are coming home to roost.
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Old Jul 17th 2013, 10:02 pm
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Default Re: Open the Bubbly.......

Originally Posted by Dick Dasterdly
Got to hand it to them they certainly know how to screw the system like nobody else, there again practice makes perfect , not before time a few of their chickens are coming home to roost.
Yes, until recently they have been the largest recipient of EU funds, they've had billions thrown at them, just about everything has had huge grants and they've squandered most of it. At times I think they might have been better off without all the easy money, forgotten all the vanity projects, they couldn't have been in a worse mess than they are now. Could they?
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Old Jul 17th 2013, 10:38 pm
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Default Re: Open the Bubbly.......

Originally Posted by agoreira
At times I think they might have been better off without all the easy money, forgotten all the vanity projects, they couldn't have been in a worse mess than they are now. Could they?
Strange you should say that.

I was just thinking exactly the same myself as I watched the ongoing crisis and discontent in Greece on the TV news this morning.

As they say, money doesn't always buy happiness, though had it been used a little more wisely it may have helped.
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Old Jul 18th 2013, 1:32 am
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Default Re: Open the Bubbly.......

the main problem is the EU decides the project is "worthy" so they provide the funds - but it is never more than 50%, so the Govt - national or local, has to provide the rest.
and that is where the problem comes in - they just don't have the money to finish it off. all it ever was was a Vanity project, and now some numpty in Brussels has given the money to start it off.
perhaps they thought they would never get a penny so could blame it on the EU for not providing the funds.
but they have and the coffers are bare.
and the EU money only has a limited lifetime like piece of cheese, so that is what they use to get started, especially if they don't have the money to finish it.

although the contractors come up with the same old lame excuses. On the A7 road they suddenly found a lump of rock was "the wrong sort" to drill through. Even though they had all and every opportunity to survey it. So the road stops whilst someone has to find the "extra" - but it won't be the EU.
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