Spain in a 'state of total emergency' ?
Jun 7th 2012, 8:05 pm
#196
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Re: Spain in a 'state of total emergency' ?
The interesting question should be how much taxes will be raised in Spain to pay back all this dosh - will the equivalent of council tax shoot up to absurd UK levels, for instance, and will relatively low paid get clobbered more than they are now (unlike UK where personal allowance is set to take huge numbers out of tax). SPain as a country will survive this mess but its new form may not be to expat's liking.
Income tax, IBI and IVA have all gone up this year - and there will be another IVA increase in the next few months
Jun 7th 2012, 8:12 pm
#197
Concierge
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Re: Spain in a 'state of total emergency' ?
Now thw Spanish are taking to the streets to complain about the number of bank repossessions of homes.
http://uk.finance.yahoo.com/news/spa...041157654.html
http://uk.finance.yahoo.com/news/spa...041157654.html
Jun 7th 2012, 8:21 pm
#198
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Re: Spain in a 'state of total emergency' ?
Jun 7th 2012, 8:22 pm
#199
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Re: Spain in a 'state of total emergency' ?
I know, let's raise taxes - a lot! That should make the cost of everything go down, encourage people spend more and businesses to become prosperous and hire lots of people... Brilliant!
And all those new tax revenues should start rolling in anytime now! We're gonna be rich!
Let the good times roll!
Jun 7th 2012, 8:45 pm
#200
Joined: Jun 2011
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Posts: 12,053
Re: Spain in a 'state of total emergency' ?
and how many state banks in the US are in dire straits but they hide it from the rest of the world with smoke and mirrors about other countries ??
Jun 7th 2012, 8:50 pm
#201
Joined: Jun 2011
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Posts: 12,053
Re: Spain in a 'state of total emergency' ?
Let's see, how do we encourage ecomonic growth in these tough times when people are struggling to make ends meet?
I know, let's raise taxes - a lot! That should make the cost of everything go down, encourage people spend more and businesses to become prosperous and hire lots of people... Brilliant!
And all those new tax revenues should start rolling in anytime now! We're gonna be rich!
Let the good times roll!
I know, let's raise taxes - a lot! That should make the cost of everything go down, encourage people spend more and businesses to become prosperous and hire lots of people... Brilliant!
And all those new tax revenues should start rolling in anytime now! We're gonna be rich!
Let the good times roll!
when the number of people paying tax falls to raise the same or more government pocket money you have to increase the taxes on those who are still earning otherwise you cannot pay the benefits to those not working.
an increase in IVA will cover some of that pocket money, as most sales are taxed, even those working on the black whilst not paying income tax will have to contribute via IVA.
many companies will reduce their margins by 1 or 2 % to cover an increase in the IVA, meaning the consumer will pay the same and the government will get their increase in pocket money.
Jun 7th 2012, 9:13 pm
#202
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Re: Spain in a 'state of total emergency' ?
Face-saviing aid for Spanish banks planned to go ahead soon.
http://www.reuters.com/article/2012/...8H656X20120606
http://www.reuters.com/article/2012/...8H656X20120606
While Berlin remains firm in its rejection of Spain's calls for Europe's rescue funds to lend directly to its banks, the officials said that if Madrid put in a formal aid request, funds could flow without it submitting to the kind of strict reform programme agreed for Greece, Portugal and Ireland.
Instead, Spain would only have to agree to new conditions tied to the reform of its banking sector. Berlin is also exploring the possibility of funneling aid to Spain's bank rescue fund FROB to reinforce the message that it is the country's banks and not its public finances which are at the root of its problems.
Instead, Spain would only have to agree to new conditions tied to the reform of its banking sector. Berlin is also exploring the possibility of funneling aid to Spain's bank rescue fund FROB to reinforce the message that it is the country's banks and not its public finances which are at the root of its problems.
Jun 8th 2012, 1:27 am
#203
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Re: Spain in a 'state of total emergency' ?
For a slightly more amusing take on the situation - (not really off topic mods_!
http://www.telegraph.co.uk/news/matt/
http://www.telegraph.co.uk/news/matt/
Jun 8th 2012, 2:07 am
#204
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Spain in a 'state of total emergency' ?
Nice one
only problem is any proposal from uk/gb/england would be pushed to one side - but does Germany have that strong a side, banks or football ??
only problem is any proposal from uk/gb/england would be pushed to one side - but does Germany have that strong a side, banks or football ??
Jun 8th 2012, 2:24 am
#205
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Re: Spain in a 'state of total emergency' ?
Seen on a spanish tweet"Spaaaaaaaaaaaaaaaaaanic"
Jun 8th 2012, 2:35 am
#206
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Jun 8th 2012, 3:11 am
#207
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Re: Spain in a 'state of total emergency' ?
I listened to a clever economist the other day and he proposed a solution for the troubled Spanish banks and their property portfolios. 'Write them off,' is what he said.
From what little I know, Spanish people don't think that way, but they are terrified of the men in black coming to Spain. It goes back to the time when Spanish debt collectors purposely dressed in black to shame the debtors in front of their neighbours.
And if the men in black come from Brussels, they will still be debt collectors and will shame a whole nation.
(As an aside, people in the UK don't seem to care as much, and it wouldn't matter if they turned up in pink).
From what little I know, Spanish people don't think that way, but they are terrified of the men in black coming to Spain. It goes back to the time when Spanish debt collectors purposely dressed in black to shame the debtors in front of their neighbours.
And if the men in black come from Brussels, they will still be debt collectors and will shame a whole nation.
(As an aside, people in the UK don't seem to care as much, and it wouldn't matter if they turned up in pink).
Jun 8th 2012, 7:21 am
#208
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Spain in a 'state of total emergency' ?
I listened to a clever economist the other day and he proposed a solution for the troubled Spanish banks and their property portfolios. 'Write them off,' is what he said.
From what little I know, Spanish people don't think that way, but they are terrified of the men in black coming to Spain. It goes back to the time when Spanish debt collectors purposely dressed in black to shame the debtors in front of their neighbours.
And if the men in black come from Brussels, they will still be debt collectors and will shame a whole nation.
(As an aside, people in the UK don't seem to care as much, and it wouldn't matter if they turned up in pink).
From what little I know, Spanish people don't think that way, but they are terrified of the men in black coming to Spain. It goes back to the time when Spanish debt collectors purposely dressed in black to shame the debtors in front of their neighbours.
And if the men in black come from Brussels, they will still be debt collectors and will shame a whole nation.
(As an aside, people in the UK don't seem to care as much, and it wouldn't matter if they turned up in pink).
Jun 8th 2012, 9:16 am
#209
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Re: Spain in a 'state of total emergency' ?
Jun 8th 2012, 9:38 am
#210
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Re: Spain in a 'state of total emergency' ?
Why is this stupid?
It's my observation from speaking to many Spanish people over the years.
I feel that British people in Spain have a high opinion of their own importance. The vast majority of Spaniards has never even spoken to a Brit. They dont all run tourist trap bars on the Costas you know
It's my observation from speaking to many Spanish people over the years.
I feel that British people in Spain have a high opinion of their own importance. The vast majority of Spaniards has never even spoken to a Brit. They dont all run tourist trap bars on the Costas you know
