Spain is not Uganda!
#16
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So, Rajoy decided that denying a problem in Spain was not enough to make him look a twat, he would also shove his foot in his mouth....
Spain vs Uganda
You are right Rajoy, Spain isn't Uganda, Uganda actually has growth and only 4.2% of its eligible population is unemployed!
Spain vs Uganda
You are right Rajoy, Spain isn't Uganda, Uganda actually has growth and only 4.2% of its eligible population is unemployed!
You will notice some differences
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#18
Straw Man.
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#19
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Well, the point is - we should be comparing Spain to other EU countries rather than to Uganda. There are some differences here, just ask Carlos Divar, president of the Supreme Court (until Thursday, perhaps...).
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#20
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A little of the population get a lot. Spain
Last edited by Fredbargate; Jun 17th 2012 at 7:22 pm. Reason: Rephrased
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#21
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Spoke to someone in the know the other day and we got into a bit of a discussion about the whole sorry mess, he was in no doubt that the Euro would endure (He was no fan of it I might add) but he was saying that talk in the city is not of QE1 or QE3, its of QE13!!!!!!!!! Holy crap! We will be buying wheelbarrows just to buy bread!
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#22
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if you need a wheelbarrow of money to buy a loaf of bread
how many wheelbarrows of money will it take to buy a wheelbarrow ? ?
I have 2 that i can lease out at a very v e r y good rate
how many wheelbarrows of money will it take to buy a wheelbarrow ? ?
I have 2 that i can lease out at a very v e r y good rate
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#23
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Oh yeah, compare to Spain with other European countries, for example beginning with Switzerland, paradise and nest of all the fortunes of much of the filth of the world (dictators, criminals, etc); Sweden, very clean with its nature and almost finished with a Spanish natural park because of a toxic spill;UK, when it hid to the continent a disease, the " mad cow disease "; Germany skipping the Stability Pact several times and forcing Spain to reduce its deficit in one year (when Germany had all the years I wanted to do)...etc, etc, etc
Lessons to another part
Last edited by Relampago; Jun 18th 2012 at 12:47 pm.
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#25
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UK was quite open about it, it would have been hard to hide it. I think you'll find it was the likes of Spain and France that did the hiding. By the way, see you had another case this month, tucked away in the news.
http://www.heraldo.es/noticias/nacio...90313_305.html
http://www.heraldo.es/noticias/nacio...90313_305.html
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#26
Straw Man.
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UK was quite open about it, it would have been hard to hide it. I think you'll find it was the likes of Spain and France that did the hiding. By the way, see you had another case this month, tucked away in the news.
http://www.heraldo.es/noticias/nacio...90313_305.html
http://www.heraldo.es/noticias/nacio...90313_305.html
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#27
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Guilty as charged, m'lud. I normally ignore his childish rants, but I thought it was incredible (even by his standards) the claim we hid mad cow, you couldn't turn on the tv without seeing funeral pyres everywhere., farmers distraught.
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#28
Straw Man.
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(Shhh, I think you mean foot and mouth) Although your point still stands, we were more than open about BSE.
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#29
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Re your comments about buying the wheelbarrow due to inflation and your comments re QE (which I think you are right and it won't just be the UK I think the ECB will be firing up as well). It got me thinking of our life savings and what they may be worth in a few years time with inflation (luckily my pensions index linked) and I was wondering how the savings rates were back in the last 2 periods of heavy and created devaluation of £ and high inflation and found this interesting table, given current rates and how inflation could soar with QE. http://swanlowpark.co.uk/bank0604.jsp
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http://www.guardian.co.uk/business/2...countries-debt
Angela Merkel is poised to allow the eurozone's €750bn (£605bn) bailout fund to buy up the bonds of crisis-hit governments in a desperate effort to drive down borrowing costs for Spain and Italy and prevent the single currency from imploding.
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#30
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Maybe Rajoy did know the pressure was to ease and consequently we'll see those bond figures deflate...of course the money will need to be paid back, but it will be at low interest.
http://www.guardian.co.uk/business/2...countries-debt
http://www.guardian.co.uk/business/2...countries-debt
By the way I wonder what you would consider to be a low interest rate ?
The present rate or anything close to it is clearly non-sustainable, so do you envisage a dramatic drop of several percent if Angie is as good as her word ?
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