steviedeluxe

Online exports from spain rise 10% in first 9 months of 2010

http://www.emarketservices.com/start...1&sd=1&ci=3188

Dick Dasterdly

I have to admire your constant dedication to boosting optimism regarding the Spanish economy Stevie, however I have a feeling, like many others I think, that the worst is yet to come.

steviedeluxe

Well more a case of pointing out there are successes, particularly in the export field (and tourism numbers are actually on the up, especially in the big cities). Exposes the lie that the Spanish are uncompetitive and can't survive with a high Euro. But I agree with you that rocky waters lie ahead, and Spain has the overhang from the property bubble to deal with, which imo will take at least 2-3 years to unravel (but who knows?). Also, the international banking system seems more and more like a big casino. Who knows where the speculators' gaze will head next - Spain? Portugal? the UK? I read in a few places last week Belgium may be a target soon. We are living in "interesting times".

agoreira

He's like a one man propaganda machine He's a bit like ZP trying to talk the market up. (despite it falling around 7% this week) I don't think any of us are out of the woods yet, interesting times ahead.

agoreira

They reckon that if we have to bail out Portugal and Spain, that will empty the pot, there'll be none left for anyone else! Listening to some economist on the radio he seems to think that if anyone will leave the euro, it could be Germany, as the German people will be sick and tired of bailing out the poorer countries. Germany are doing OK, but there's only so much they can pump into failing economies.

HBG

The amount of ignorance from euro-sceptics regarding the Euro is staggering. Germany hasn’t bailed out anyone. It would be the last country to want to leave the Euro. If the Euro did fail, which is highly unlikely, the biggest loser would be Germany with its export led economy, exporting the great majority of its manufactured goods to its European neighbours.

Spain has a terrible problem with its construction industry and unsold houses, but the highly lucrative tourist industry alone could see it through – the same Brits who talk the country down are still spending their holiday money here – complain all you like, folks, but keep coming over to spend your money, please.

But to those few who really dislike this country – go to Blackpool for your holidays.

Sorry, Blackpool.

agoreira

There have been mutterings since early this year from many sources,
After reading some of your fanciful tales in the past, I would put more faith in what I read in the financial press than your predictions.
Nobody has said they "will" leave, simply that they "could" be one of the first. But if they do, they won't go alone.

steviedeluxe

If you actually read my post, far from "talking up the market" you'd see I pointed out various difficulties that are likely to arise. I even used an expression - "interesting times" that you yourself repeated Some propaganda

I think this article (the uk magazine The Economist) probably describes the situation Zapatero faces the best.

http://www.economist.com/node/175751...ry_id=17575123

Of course some people have said that if we're reliant on Zapatero to save the Euro, we're best changing into pounds (or dollars) now!

jdr

cricketman

The biggest problem Spain has is the opposition. The PP are scandelously opportunist. They have been calling for Zapatero to quit and for immediate elections i.e. they do not understand what democracy means.

Real change is not able to happen in Spain because the government and oppositions never agree about anything. Spain has always been two countries, fascists and communists/anarchists (i.e. the Catholics and the Liberals) and nothing has changed in 100 years and more. It is a shame, because the way democracy works, in order to pass bills, parties need to work together.

Agoreira, I wouldnt bother reading any British press about the Euro, you have to realise that all the British media owners are anti-Euro, so you'll only be hearing what they want to hear. And anyway, the UK, US press have been ganging up in Europe like schoolyard bullies to try and make sure it is they that go backrupt rather themselves.

The numbers for Spain are no worse than for the UK, in fact Spain is the country that has cut its deficit the most over the past 6 months. And the strong Latin American presence of its banks mean they are in a stronger (and more diversified) position than many UK banks who are reliant on dodgy US, UK and Irish debt.

We are living in interesting times. What I am scared of is currency collapse, either for the pound or euro because I will personally lose a lot of assets. Baring that happening, I'm not too bothered what happens, hopefully it will lead to banking reform for the better, but thats a big wish!

HBG

Writing constant bile says more about the writer than the recipients. You seem to specialise in it.

Why? It’s a friendly forum of expats trying to help each other and actual stories about their daily lives are often more informative than fanciful theories from people who only visit occasionally.

People have ticked you off constantly, why don’t you listen to them?

jdr

Careful, he will put you on ignore like he did me and anyone else that disagrees with his pathetic googling.

HBG

I read about the merger between British Airways and Iberia today and it got me thinking about the other major investments linking the two countries, Santander being the most obvious one.

Within Europe, it appears to me that the UK, Spain and Germany have the closest commercial links, and they are big ones, VW and Jaguar come to mind.

And I’ve just thought about France and Carrefour. It appears that the four biggest economies in Europe are joined at the hips, a comforting thought.

agoreira

People like yourself, you mean? Sorry, but I don't put too much store by anthing you write either, so I do know how you feel. I see your mate has weighed in with what surely will be his normal useful offering, but mercifully I don't have to suffer his childish scribblings.

HBG

Doesn’t the fact that you even have an ‘ignore’ list tell you something about yourself? Many other people have ticked you off too, I’m sure your ‘ignore’ list is a long one.

Instead of your above post, couldn’t you have written something sensible about the thread itself? What do you think of British Airways merger with Iberia? The Spanish economy has picked up, as per the very first post. With such a poor exchange rate, won’t people who normally come to Spain go to somewhere in the UK instead?

And if people really hate Spain, it really wouldn’t make sense to come here on holiday.

Shake off the nastiness and write something like the rest of us.