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Re: Problems in Gibraltar again
Originally Posted by agoreira
(Post 10187758)
Watching Bloomberg this morning, depressing viewing! Spain's borrowing rate up to record levels, 10 year up to 7.52%, (Switzerland, Denmark, Germany and Finland, are currently borrowing at negative rates, UK at it's lowest level) stocks down 4.5% today, Valencia and Cataluña with huge debts, Murcia and Castilla La Mancha next, and the Spanish regions owing €15 billion. Luis de Guindos is still saying no bailout needed.
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Re: Problems in Gibraltar again
I don't think anyone would do that as the euro-project is dragging down the whole world. All share markets are being pushed down by the crisis and that includes pension funds and my shares:(
Spain says it does not need a bail-out but how can things continue as now. The problem is that it is too big to bailout, the same as Italy who is waiting in the wings. |
Re: Problems in Gibraltar again
Originally Posted by cricketman
(Post 10187822)
You must be wetting yourself with joy!
After all, it's the mindset you seem to subscribe to which has delivered this result. No need to be humble about it. Go ahead and gloat. You deserve it! |
Re: Problems in Gibraltar again
Originally Posted by amideislas
(Post 10187836)
Well, I'd reckon you'd be ecstatic.
After all, it's the mindset you seem to subscribe to which has delivered this result. |
Re: Problems in Gibraltar again
I think that was one of Spains biggest problem, keeping it's head in the sand. They acted like a lot of estate agents there, in 2008 they said it was just a blip! Zapatero pretended everything was fine and the Spanish media carried on talking up the economy. It is only recently that Spains problems hit the front page. I remember recently when Spain was downgraded the headline was about Italy being in trouble:rofl:
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Re: Problems in Gibraltar again
Originally Posted by agoreira
(Post 10187862)
Like J2 said, it's dragging my shares and investments down!:rofl: What I find difficult to comprehend is how Spain ever got in this state, given that we've been told here that everything is honky dory, business is booming, Spain will never need financial help. Our in house experts never predicted this mess, quite the contrary. And the fat lady hasn't even thought about singing yet, there's worse to come.
The debt numbers are not any worse than any other countries, in fact they are better than many But that doesnt matter any more |
Re: Problems in Gibraltar again
Spain wanted to party with the big boys. That's the root cause of the problem. As a cheap n cheerful country, it worked more or less fine. Then enter Felipe González. Along came the massive corruption - suddenly available to the masses - together with the desire to compete as a modern country. Cue the AVE, the EXPO Seville, the Barcelona Olympics. Cue massive commissions, bribes, el cuñadÃsmo (brothers in law helping out) los pringaos (those with a nice gig) and a dozen other Spanish expressions and names. Above all, the politicians, lawyers and later bankers' blind acceptance of fraud, greed and dishonour.
Now, empty and useless white elephants dot the country, a massive unemployment unequaled in Europe thanks to restrictive employment practice, a massive and inept public sector, a justifiably terrible reputation amongst potential house-buyers across Europe, and finally an arbitrary environmental protection run something like the old inquisition. Things here are frankly expensive, thanks in part to huge 'bungs' and commissions paid out to both 'legal' and 'unrecorded' share-holders. It's First World prices with Third World service. For Heaven's Sake, Spain! We all love living here as much as you do. Fix it. Andalucia's unemployment is currently 33.17% (Gibraltar's is 1.8%) |
Re: Problems in Gibraltar again
Originally Posted by Lenox
(Post 10188021)
Spain wanted to party with the big boys. That's the root cause of the problem. As a cheap n cheerful country, it worked more or less fine. Then enter Felipe González. (Gibraltar's is 1.8%)
Spain has improved 1000 fold since then in so many ways. The progress of what has happened in a generation is stunning. I only have to hear about my parents in law's childhood to realise that. Yes it has its faults, many that you've mentioned. But all these white elephants have still "only" put Spain's debt up to 80% GDP That is still less than Britains and the US' % debt Too much spending and corruption is a big problem in Spain but it isnt the cause of this crisis. Not in any way. Otherwise the markets wouldnt be lending money to Britain who have taken out way more debt. The cause of the crisis is Spain believing that capitalism was "fair" and that the same rules that apply for one country applies to another when they do not. Spain has a socialist mentality was/is unprepared to deal with the markets |
Re: Problems in Gibraltar again
Originally Posted by agoreira
(Post 10187862)
Like J2 said, it's dragging my shares and investments down!:rofl: What I find difficult to comprehend is how Spain ever got in this state, given that we've been told here that everything is honky dory, business is booming, Spain will never need financial help. Our in house experts never predicted this mess, quite the contrary. And the fat lady hasn't even thought about singing yet, there's worse to come.
As a testament to how addictive denial can be, just look around and you'll find there are still a few in denial, even in this late stage of pregnancy. EDIT: for an excellent example, just look at post just prior to this one. |
Re: Problems in Gibraltar again
Originally Posted by agoreira
(Post 10187758)
Watching Bloomberg this morning, depressing viewing! Spain's borrowing rate up to record levels, 10 year up to 7.52%, (Switzerland, Denmark, Germany and Finland, are currently borrowing at negative rates, UK at it's lowest level) stocks down 4.5% today, Valencia and Cataluña with huge debts, Murcia and Castilla La Mancha next, and the Spanish regions owing €15 billion. Luis de Guindos is still saying no bailout needed.
WTF has this got to do with Gibraltar ? Its all about the "I have a gun bigger than yours" pissing contest the Spanish police seem to love The legality of a few officially appointed Spaniards in an offical Spanish paramilitary boat carrying out an act of piracy on the high seas has nothing to do with Germany, Finland or any other nation. If it caused any movement on the markets it would cause a 0.0001c drop in the value of the €uro for about 10secs until Angela found out and told them to stop it. Lets get this thread back on course, and anyone who wants to talk about the economy go for a punt on the 3 or 4 threads already in existance. Thanks :focus: |
Re: Problems in Gibraltar again
Originally Posted by Domino
(Post 10188077)
although this line of reasoning has taken off like an AVE
WTF has this got to do with Gibraltar ? Its all about the "I have a gun bigger than yours" pissing contest the Spanish police seem to love The legality of a few officially appointed Spaniards in an offical Spanish paramilitary boat carrying out an act of piracy on the high seas has nothing to do with Germany, Finland or any other nation. If it caused any movement on the markets it would cause a 0.0001c drop in the value of the €uro for about 10secs until Angela found out and told them to stop it. Lets get this thread back on course, and anyone who wants to talk about the economy go for a punt on the 3 or 4 threads already in existance. Thanks :focus: Thats what started this a few weeks ago anyway |
Re: Problems in Gibraltar again
Originally Posted by cricketman
(Post 10188094)
Gibraltar has been stopping Spanish fisherman from fishing in their usual waters
Thats what started this a few weeks ago anyway what a let down :rofl: if "usual waters" means "inside our limits" then why shouldnt they be stopped? I know full well fish don't understand about borders, limits, boundaries and all the other crap, but fishermen do and should stop when they reach the line. Not that the Spaniards, some of the most aggressive fishermen in the Northern or Southern hemisphere have ever let a "line" stop them from getting what they want. Fish are a renewable resource, but should be allowed to renew from time to time, and having watched on Spanish TV the programme about the US fishermen who throw back (dead) 7/8 of their catch and then complain about all the crap they are bringing back up again, all I can say is they are not like the fishermen of old - but how can they, when governments will fine them for landing the wrong type of fish on the wrong day. |
Re: Problems in Gibraltar again
Originally Posted by Domino
(Post 10188118)
are !! so nothing to do with the economy, Finland, Germany or other such crap ?
what a let down :rofl: if "usual waters" means "inside our limits" then why shouldnt they be stopped? . Maybe you should reconsider where you are living? Btw, no the fishermen were not within Gibraltar waters - which is how El Pais reported it - a reliable a source as any |
Re: Problems in Gibraltar again
Originally Posted by cricketman
(Post 10188143)
Ah, so now the sh*t is hitting the fan its "our" waters is it? :rofl:
Maybe you should reconsider where you are living? Btw, no the fishermen were not within Gibraltar waters - which is how El Pais reported it - a reliable a source as any Perhaps you should consider the Tebbitt Cricket Test is that a pass or a fail - its almost as easy as the Britishness Test used to gain British Nationality. The hardest part is getting a slot with the Mayor and a newspaper cameraman. :thumbsup: |
Re: Problems in Gibraltar again
Originally Posted by Domino
(Post 10188159)
Grow up, I may be Resident in Spain but I haven't given up my Nationality
Perhaps you should consider the Tebbitt Cricket Test is that a pass or a fail - its almost as easy as the Britishness Test used to gain British Nationality. The hardest part is getting a slot with the Mayor and a newspaper cameraman. :thumbsup: They do have a football team who I passionately support though! :thumbup: And I follow the basketball team I do like to think it is due to the quality of football though rather than any nationality issues Patriotism is for fools. I'd rather support the community in which I live in |
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