Fredbargate

Morgan Stanley the US multinational financial service corporation has declared that Spain has already got over the worst of the economic crisis and augurs that it “will become the next Germany” in the European Union.

http://www.chronicle.gi/headlines_details.php?id=28059

EsuriJohn

That agrees with S & P who think the outlook for Spain is much brighter except on the housing front an export led recovery up 19%.

bobd22

Hopefully some truth, only thing is though are these not the same organizations that missed all this coming ?

Rotor

I was watching France 24 last night and they were say that 2500 Spanish homes were sold to Russians last year , time to register ruskiexpatski.com

rugbymatt

Morgan Stanley is one of the most corrupt financial service companies out there! Its been fined hundreds of millions over the last 10 years for corruption, price fixing and fraud, they have cost investors and people not even connected to them billions and have been caught doing everything from organising price fixing of utilities to downright deception! They failed to predict the global crisis, they failed to predict the length of it, they still fail to see an actual end to it.... It beggars belief people actually give two craps what these sort of firms say publicly!

jackytoo

They didn't until Spain got a good write up

rugbymatt

That's true....

Didn't MS also get one of the biggest bailouts from the US Fed reserve? Well if they are that good at asset management and wealth handling why they hell did they have to go cap in hand to anyone?

steviedeluxe

It's not just car companies (and Vegas casinos) choosing to invest in Spain. Their companies are also garnering big contracts abroad eg Tecnica Reunidos with a billion contract in Russia Acciona with a billion contract in Poland or even Iberdrola with a $620 Million Scottish Wind Farm deal.
But better stop there, certain posters don't like facts and news articles - unless it's in the Sur local newspaper....

It's actually not all good news if Spain becomes more like Germany. it means mini-jobs and lower pay for many. But it is perhaps inevitable.

Rotor

Lower pay is better than none ! cheap labour and government concessions is the way to attract big foreign investors , its Spains only chance.

agoreira

Crisis over, let the good times roll! I can see hundreds of thousands of Spanish returning home to fill all these job vacancies. We might even see the unemployment rate dive from 26%+ to maybe 25%. Meanwhile, in the real world,
España lidera el paro masculino en Europa con una tasa de 25,5%

Domino

that is unlikely, they are all living it up in the UK, by themselves in ghetto's and drawing their Child Benefit for the kids back home............

`

bobd22

Rotor that is very true only problem is rest of the world is trying to do the same.

rugbymatt

Do you read anything other than the DAILY FAIL?

steviedeluxe

Some of the bigger contracts won by Spanish in recent months involve building solar, wind plants (or even trains and high speed rail lines). There is a plan by Saudi Arabia to invest over 100 billion in building its own solar industry (planning for the day their oil supply decreases). It's this type of project that the Spanish need to be involved with.

http://www.upi.com/Business_News/Ene...4571360875054/

Domino

if UK won such contracts Call Me Dave would be there shouting it from the rooftops.
last year I said Rajoy should be announcing the good news all the time to counterbalance the bad news. Hard perhaps but it would do more good.

perhaps Spain needs a new PR company