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Hi everyone I was wondering if anyone could shed some light on the situation regarding health care for ex pats and retired ex pats if the worse comes to the worse and the euro collapes.
This message was last edited by Ange1 on 16/05/2012.
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When you say "collapses" do you mean Spain leaving the Euro or the value of the Euro going down dramatically?
Either way, I don't think it's something we really need to worry about. Spain is not like Greece and I would eat my shorts if Spain ever even contemplated leaving the Euro. They have too much to lose.
And if Greece leaves the Euro, as always, yes it may take an initial hit but I doubt all the Euro countries would sit back and let that affect their economies.
Just my 2 cents (not 2 pesetas  )
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Justin
EOS Team
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The future for ex-pats is good.
For the Spanish maybe not so good.
Spain isn't Greece where a run on the Banks sems to have started as 4Bn Euros has been taken out of the Banks since monday.
It'll be interesting to see how the Central Bank funds the Spanish Banks and will the Banks admit to the true value of the debt associated with property.
David
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These are a few paragraphs from a newsletter which I edit:-
Many municipalities have accepted a plan under which the government will pay their suppliers for them. The municipalities will re-pay, with interest added. For some town halls, the period of repayment will be long. A municipality in Guadalajara has accepted the offer and will pay back over a period of 7,058 years; another in Teruel will be paying for 462 years.
An organisation called Landsbanki Victims Action Group reports that 400 foreign property owners face financial ruin after joining an ‘equity release scheme’ promoted by the now defunct Landsbanki Luxembourg. The owners were given loans of 25% of the market value of their property, withthe remaining 75% being invested in an investment portfolio managed by the bank.
Last week the government decided to take over BFA (the mother of all banking messes) and thereby 45% of Bankia, providing the funds ‘strictly necessary’ to clean up the group. The government believes that this operation may amount to between 7,000 and 10,000 million euro (from the pockets of tax payers). When the auditors look seriously into the value of the real estate assets, it may prove to be considerably more.
The European Commission has now demanded that Spain put its cards on the table, reporting on the situation of the Spanish banks. Grumbling, the Spanish government has accepted, forcing the banks to transfer their toxic assets to specialised companies, setting off more money as provisions for failing loans, and accepting the hiring of outside experts to verify the reports of the banks. Strong medicine, so strong that the patient may die…..
And finally, is this an indication of Spain’s future ?
Valencia is offered one-week courses at a cost of 100 euros, to prostitutes or those considering going into the profession, which include information on legislation, economic analysis of the profession and sexual techniques.
PS As I said, I did not write this, but only edited it for the publisher.
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OMG Does that mean you'll have to have a prostitution certificate that you have to show to clients before you can take their money? And if you haven't a certificate, are you 'trading' illegally? Or perhaps you can't charge so much? Of course, prostitution is on the rise in Spain as there are fewer jobs available....but is there a rise in client numbers, or will prostitutes have to share the clients among themselves or compete for business? lol The mind boggles!
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No problems in Spain ?????
THE National Police telephone service for placing a denuncia (902 102 112) is temporarily unavailable due to the service provider filing for bankruptcy according to Spanish Press.
“The payments for this are all up to date with the service provider” and that the company were forced to file bankruptcy ‘because of business problems’ causing this to suspend the service according to Police sources.
National Police are making all possible efforts for the telephone service for placing a denuncia to have the service resume as soon as possible according to the authorities (Direccion General).
This message was last edited by johnzx on 17/05/2012.
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Hi All
It seems to me that prostitutes have more legislation and economic "technique" than the banks.
I just got shafted by the banks
Regards
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The way i look at it is.....the world is in turmoil.....where would i rather be to suffer this???
Spain hands down i am afraid..........
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www.taylorlandandpropertygroup.co.uk
still here after all these years!
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Poppyseed
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My bank just keeps buying up more !!
http://www.reuters.com/article/2012/03/26/us-caixabank-civica-idUSBRE82P0XI20120326
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Todos somos Lorca.
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Poppysead,
what a difference a day makes.
It's difficult to keep up with the changes associated with the Euro.
Since I left Europe last October the whole system seems to be creaking.
It's difficult to understand what it must be like to live in such an environment when we have growth, no government debt, low unemployment and the Sun shines 300+ days a year.
David
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johnzx;
Valencia is offered one-week courses at a cost of 100 euros, to prostitutes or those considering going into the profession, which include information on legislation, economic analysis of the profession and sexual techniques.
Have you got a link to this article please ?
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Todos somos Lorca.
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http://ibnlive.in.com/news/spanish-firm-offers-course-in-prostitution/256911-2.html
and
http://www.dailymail.co.uk/news/article-2141707/Spanish-company-offers-professional-prostitution-courses.html#ixzz1uNwZH8BY
There must be some spare cash floating around, supply and demand?
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www.finditfme.com The new, advanced way to find what you are looking for.
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It is a company in Valencia offering the course (as opposed to any official government authority) - an article here.
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http://www.bbc.co.uk/news/business-17753891
The link gives a good overview of the problems facing Spain and Europe.
Expats can go home not sure what the Spanish can do.
Thats what I did to escape the 'bad vibes' of Europe.
David
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Hi All,
I have to send some money out to spain before end of month shall i send out now or wait and see what happens over the next few days to benefit the most.
regards
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Sunny
If we knew the answer to that one we could all be vey very rich
At the moment the rise of the pound seems to have stalled at 1-25, on one hand you have the continued bad news from Europe pushing it up and on the other you have investors talking profit from the recent rises pushing it back.
If it was me I think I would do it now and then not look at it for a few weeks, I've been caught out before by waiting to long.
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The Spanish banks still aren't learning much. We've just had 75€ taken from our account in ´management fees' and 'commission' with no notice as usual. On top of that, having suffered like so many others from the poor exchange rate for the last 3 or 4 years, we asked if the bank could help out at all, maybe with a period of interest-only repayments.
Of course we can, said the manageress. Of course, there will be a charge. About 600€ for notary and 'management' fees to change the mortgage, a house valuation and credit check and proof of income are also required. Oh yes, and they will add 2.25% to our current interest rate.
And you guessed it, another 600€ when we switch back to normal repayments. Oh, and the extra 2.25% on the interest rate would remain for ever.
I haven't stopped laughing yet. They actually thought they were doing us a favour! We'll find the money somehow to carry on with the payments.
Unlike other posters (and the bank manageress) I think that Spain will have no choice but to leave the Euro once the true scope of the banks' deceit and toxic debt comes to light.
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chrisr,
governments provide regulation frameworks for Banks.
government devalued Sterling.
Now that government 'own' a Spanish Bank they have engaged governments friend Golden Sacks (Goldman Sachs) to value the assets. They are good at that as they are the Bank that enabled Greece to meet entry criteria to the Euro.
Banks are businesses and will do almost anything to help you our providing you are willing to pay. Governments allow them to work in this way through the regulations.
Governments arefor the most part elected by the voters - so maybe we are all to blame?
Just a thought - enjoy your weekend.
David
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