Live News From Spain As It Happens

Kevin said:
Saturday, December 1, 2012 @ 8:56 AM

Just great news, the people that cause all the problems, the crisis, the misery here and around the world get bailed out. If your own business fails, no matter how much you have paid in taxes, or how hard you have worked then you are broke, get no help and are left in the gutter.

Its about time this world changed and the money-go-round was a fair share for all!

David Mayer said:
Saturday, December 1, 2012 @ 10:00 AM

As a Chartered Accountant practicing in Spain, I have come across a catalogue of examples of disaster and corruption, particularly with Spanish Banks.

I hope to the European Bank Regulator monitors the use of the "bail out fund" by the Spanish Banking Sector.

David - Jacksons

Nels said:
Saturday, December 1, 2012 @ 12:01 PM

Corruption can never be stopped, it comes down to human nature, the more you have the more you want/need!
Banks are run by people. If we get out of this crisis, in 10 to 15yrs time history will be repeated.

David H said:
Saturday, December 1, 2012 @ 12:33 PM

The DNA of the Spanish nation isn't going to be modified by one enormous financial headache; many suffered but very few died of it!
The quest for a family orientated easy life is endemic; maybe not such a bad thing; what's the hurry?

lynn said:
Saturday, December 1, 2012 @ 2:59 PM

Kevin is correct in his summation, the problem is if these Banks were to totally fail, then even more people would be affected, including savers and people working and paying mortgages, besides investors. However, Strong regulation is required to make sure the Banks don't waste the bail out funds recklessly. This is how it all started in the first place.

Tommy said:
Sunday, December 2, 2012 @ 11:16 AM

Many people have been but off investing in Spain because of corruption.Laws that do not make sense. Police that behave like highwaymen. Wake up Spain it all your own fault.

Tedj101 said:
Sunday, December 2, 2012 @ 12:12 PM

Remember, when they give a bail out to a bank, it doesn't mean that the owners of the bank are being bailed out. The people that are being helped are the depositors - people like you and me who have trusted our funds to the institution.

All of these banks have been taken over by the government. The former owners of these banks have lost everything. They aren't getting bailed out.

Lesley said:
Sunday, December 2, 2012 @ 4:31 PM

I would like to know what right Spain has in taking £7,000 euros from every person that sells a property .This is also not common knowledge I did not know this until I came to sell property !!..

dannyboy said:
Monday, December 3, 2012 @ 4:05 PM

the only difference in the spanish bnks and dick turpin was a mask where has all the money gone all the 7 percent of evey property eversold if spain wasnt so currupt in its dealings it wouldnt have fell so hard they need to be monitered bugged and watched and every penny orditered if they are given this money