Spain in a 'state of total emergency' ?
May 31st 2012, 3:34 am
#1
Concierge
Thread Starter
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,383
Spain in a 'state of total emergency' ?
May 31st 2012, 3:57 am
#2
Joined: Jun 2006
Location: Granada Costa
Posts: 10,931
Re: Spain in a 'state of total emergency' ?
A comment made by a previous Socialist PM - he would say that wouldn't he
May 31st 2012, 4:10 am
#3
On the road again.
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Spain in a 'state of total emergency' ?
Pots and kettles come to mind, in view of the damage the last shower did, virtually fiddling everything away while Spain was burning.
The present lot are stuck between a rock and a hard place with the roof rapidly coming down on them and virtually zilch options that could make any serious difference.
The present lot are stuck between a rock and a hard place with the roof rapidly coming down on them and virtually zilch options that could make any serious difference.
May 31st 2012, 5:21 am
#4
BE Enthusiast
Joined: Nov 2006
Posts: 868
Re: Spain in a 'state of total emergency' ?
If they withdrew 31.44 billion from the banks in April, how much is still in their mattresses? Makes you wonder how they sleep at nights.
Vertigo must be a BIG problem. Still will make a good roosting site for the chickens when they finally come home.
Vertigo must be a BIG problem. Still will make a good roosting site for the chickens when they finally come home.
May 31st 2012, 6:18 am
#5
Joined: Jun 2006
Location: Granada Costa
Posts: 10,931
Re: Spain in a 'state of total emergency' ?
It's not the general public who are withdrawing funds, it's international investors.
In Greece it may be different but most Spaniards have never trusted the banks and are far more likely to keep it under the mattress in the first place.
In Greece it may be different but most Spaniards have never trusted the banks and are far more likely to keep it under the mattress in the first place.
May 31st 2012, 6:29 am
#6
Joined: Jun 2006
Location: Granada Costa
Posts: 10,931
Re: Spain in a 'state of total emergency' ?
Just read in El Pais that deposits by Spanish residents actually increased by eight billion euros to 1.16 trillion.
http://elpais.com/elpais/2012/05/31/...46_543885.html
It's the non residents and investment companies that are running for cover.
http://elpais.com/elpais/2012/05/31/...46_543885.html
It's the non residents and investment companies that are running for cover.
May 31st 2012, 6:50 am
#7
On the road again.
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Spain in a 'state of total emergency' ?
Hard to believe that figure unless it includes funds moved into the main banking system from the small cajas that no longer exist.
May 31st 2012, 7:02 am
#8
Not Banned (yet)
Joined: Aug 2008
Location: Madrid
Posts: 6,400
Re: Spain in a 'state of total emergency' ?
de Guindos has been giving a public speech. Says that the future of the Euro will be decided in the next couple of weeks in Spain and in Italy.
http://www.4-traders.com/news/Future...dos--14352165/
http://www.4-traders.com/news/Future...dos--14352165/
May 31st 2012, 7:18 am
#9
Lost in BE Cyberspace
Joined: May 2009
Location: Alicante province
Posts: 5,753
Re: Spain in a 'state of total emergency' ?
The news media, especially the British ones which we mostly read, thrive on bad news, which people want to read. They've exhausted Greece and their lazy people who don't pay their taxes, and have now smelled blood in Spain.
They resent the million Brits living in the sun and hate the Euro and the Germans, who appear to be running the show (which they probably are).
But Spain is in a mess, without a doubt, for many reasons, so we need to read some of the 24/7 bad news because it directly affects all of us.
There's no point in hiding your head in the sand, because when you lift it out you might find the cash points closed and the British Navy parked off-shore to take you home.
They resent the million Brits living in the sun and hate the Euro and the Germans, who appear to be running the show (which they probably are).
But Spain is in a mess, without a doubt, for many reasons, so we need to read some of the 24/7 bad news because it directly affects all of us.
There's no point in hiding your head in the sand, because when you lift it out you might find the cash points closed and the British Navy parked off-shore to take you home.
May 31st 2012, 7:30 am
#10
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: Spain in a 'state of total emergency' ?
When can I start spending my hoarded pesetas?
May 31st 2012, 7:56 am
#11
Lost in BE Cyberspace
Joined: May 2009
Location: Alicante province
Posts: 5,753
Re: Spain in a 'state of total emergency' ?
Now if you want to. There's bound to be a Santander branch near where you live, they're everywhere.
It might be worthwhile to do it now. They say that Santander UK is separate to Santander SL, I think if you believe that you might as well believe in fairies.
It might be worthwhile to do it now. They say that Santander UK is separate to Santander SL, I think if you believe that you might as well believe in fairies.
May 31st 2012, 8:17 am
#12
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,680
Re: Spain in a 'state of total emergency' ?
The news media, especially the British ones which we mostly read, thrive on bad news, which people want to read. They've exhausted Greece and their lazy people who don't pay their taxes, and have now smelled blood in Spain.
They resent the million Brits living in the sun and hate the Euro and the Germans, who appear to be running the show (which they probably are).
But Spain is in a mess, without a doubt, for many reasons, so we need to read some of the 24/7 bad news because it directly affects all of us.
There's no point in hiding your head in the sand, because when you lift it out you might find the cash points closed and the British Navy parked off-shore to take you home.
They resent the million Brits living in the sun and hate the Euro and the Germans, who appear to be running the show (which they probably are).
But Spain is in a mess, without a doubt, for many reasons, so we need to read some of the 24/7 bad news because it directly affects all of us.
There's no point in hiding your head in the sand, because when you lift it out you might find the cash points closed and the British Navy parked off-shore to take you home.
Last edited by bobd22; May 31st 2012 at 8:22 am. Reason: correction
May 31st 2012, 8:26 am
#13
On the road again.
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Spain in a 'state of total emergency' ?
Lots of shops accepting them as well as the banks.
They never really went out of fashion.
My Spanish neighbours only ever discuss prices in pesetas.
http://britishexpats.com/forum/showthread.php?t=751629
They never really went out of fashion.
My Spanish neighbours only ever discuss prices in pesetas.
http://britishexpats.com/forum/showthread.php?t=751629
May 31st 2012, 8:27 am
#14
Forum Regular
Joined: Jan 2011
Posts: 124
Re: Spain in a 'state of total emergency' ?
Gibralter seems a good place to start transferring funds.
It`s something similar to football managers - this is my analogy. No wait, hear me out...In their after game press conference the manger is asked, " how safe are you in your job ", manager replies," Everything is just fine, we are on target ".
Next day the manager`s history. That`s probably what will happen to the euro. The politicians saying - the issue is being solved - or words to that context and then boom , next day the media saying Spain joins Greece in limbo land - no more euros for them.
I can see it coming, people if I were a betting man ,I would transfer most of my money to pounds or dollars. Yes, Germany looks safe on the outside but who can trust a politician - you can`t.
My heart is in symbiosis with my brain - I hope this does not happen but it looks that way.
It`s something similar to football managers - this is my analogy. No wait, hear me out...In their after game press conference the manger is asked, " how safe are you in your job ", manager replies," Everything is just fine, we are on target ".
Next day the manager`s history. That`s probably what will happen to the euro. The politicians saying - the issue is being solved - or words to that context and then boom , next day the media saying Spain joins Greece in limbo land - no more euros for them.
I can see it coming, people if I were a betting man ,I would transfer most of my money to pounds or dollars. Yes, Germany looks safe on the outside but who can trust a politician - you can`t.
My heart is in symbiosis with my brain - I hope this does not happen but it looks that way.
May 31st 2012, 8:42 am
#15
Lost in BE Cyberspace
Joined: Feb 2007
Location: Land of no recession
Posts: 10,720
