What's the matter with Spain?

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19 Nov 2011 12:00 AM by Roberto Star rating in Torremolinos. 4556 posts Send private message

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Nicely explained here: www.bbc.co.uk/news/business-15734280

 



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19 Nov 2011 9:31 PM by GuyT Star rating. 507 posts Send private message

 Reggie Middleton's blog is more informative and well worth a read

http://www.zerohedge.com/contributed/watch-pandemic-bank-flu-spread-italy-france-spain-big-not-fail#comment-1894431

 



This message was last edited by GuyT on 19/11/2011.



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20 Nov 2011 1:41 AM by Poppyseed Star rating. 897 posts Send private message


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20 Nov 2011 12:31 PM by JazII Star rating in Mar Menor and UK. 133 posts Send private message

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Latbus is the latest company to seek bankruptcy protection.

Until the government finances are sorted out, the list will grow longer.  It's morally wrong the number of companies that they have already or are in the process of taking down due to their non/late payment of debt.  So many companies are scared to speak out because they don't want enermies on the inside and fear they won't get contracts awarded in the future.  It's time they all turned their heads round the right way.  This problem must be dealt with head-on as not only is it impacting sub-contractors further down the food chain, it impacts folks on the ground who can't pay their taxes since the government either directly/indirectly hasn't paid them for work done...........

 

 



This message was last edited by JazII on 20/11/2011.



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20 Nov 2011 2:15 PM by Roberto Star rating in Torremolinos. 4556 posts Send private message

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Ghost airport:

 



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"Get your facts first, then you can distort them as you please"

Mark Twain

 

 

 




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20 Nov 2011 3:18 PM by D_B_S Star rating. 178 posts Send private message

Spain like the other members of PIGS are fininding it increasingly difficult to borrow monies at a rate that can be substained. I liked and worked in Barca for some 30 years and will now only provide product and services to customers for payment upfront, we have experienced an increasing amount of default and clients wanting extra time to pay. We no longer take on new PIGS clients as there is much easier monies to be had in the middle east and India, at least they pay their bills on time.

It's going to get more difficult in Spain as unemployment continues to increasea nd government loans become increasingly difficult to service -with more difficulties to follow. But the Sun will still shine and the retirees will continue to come as will the Summer visitors.

Glad I sold up and moved when I had the opportunity.

David



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DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


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