What's the matter with Spain?

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

 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

http://order-order.com/2011/11/18/farages-rage-going-viral/

Nigel Farage is a hero

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...........

Ghost airport:

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