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14 Sep 2014 11:29 by Woodbug Star rating. 371 posts Send private message

So passenger figures fall again at St Javier airport and no agreement is in place to close it in favour of Covera. The EU has not given the green light for Murcia to take responsibility for the loan on Covera, no specialised equipment has been installed and no operating plans have been agreed – yet it is reported that recruitment of key staff will begin.

Spain will never learn . They repeatedly create huge projects without thought, finance or much else for that matter – then award contracts to third parties only to cancel them later because the project has foundered and are then obliged to pay out huge sums of compensation accordingly. (See: Paramount, Corvera, Airport, Castellon Airport and Cuidad Real Airport and possibly many other unfinished projects.

Even in this age of global incompetence, Spain is a high achiever in the art.





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14 Sep 2014 13:58 by hugh_man Star rating in Kent/Roda . 1589 posts Send private message

hugh_man´s avatar

I see an Oscar for Incomptence coming on.

Have you noticed how Alex Salmon always refers to Germany & France when discussing how shared currencies can work well, NEVER Spain & Greece.

 

has anyone noticed how the winter mid week flights on Easy Jet from Gatwick to Murcia depart at 06.40 am not very conducive to customer demand.

 





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14 Sep 2014 14:21 by GuyT Star rating. 487 posts Send private message

Woodbug "Spain will never learn . They repeatedly create huge projects without thought, finance or much else for that matter – then award contracts to third parties only to cancel them later because the project has foundered and are then obliged to pay out huge sums of compensation accordingly."

 

It won't be accidental or with a lack of thought. The person awarding the contract is in a position to lock in and gift that potentially huge compensation to the beneficiary of their choice, some family member, even though they know they are unlikely to work on let alone complete the project. Some mug taxpayer somewhere will be picking up the tab. Nothing incompetent about that.





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14 Sep 2014 14:49 by Tadd1966 Star rating in Los Montesinos. 1755 posts Send private message

I think you can add to this the number of new housing that is being built around the area and they are more expensive than the thousands of houses that are for sale and lying empty - why build?????

No good arguing that it keeps the building trades employed by creating jobs that simply willnot wash. More empty houses, more debt, more builders will go bust, market is even more flooded, prices fall again - all bad for the economy



_______________________
“The greatest enemy of knowledge is not ignorance; it is the illusion of knowledge”



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15 Sep 2014 09:40 by Woodbug Star rating. 371 posts Send private message

Oh – didn’t you know Tadd that the housing slump is over and house prices are on the increase? According to the absolutely honest and professionally run government data collection agencies and a highly unqualified  Estate Agent or two, house prices may have increased about 0.032% in two of the 17 regions of Spain thus our problems are now history. Mr. Rightmove and his cronies are now set to sell us all the premium crap that they have been storing up, at vastly inflated prices once again on the doorstep of the new Paramount Theme Park and the new Corvera Airport.

Despite almost 1m homes on the market, 450k foreclosed or in foreclosure and another 1m builders stock not on the market or under construction and repossessions running at around 200 per day, why aren’t overseas investment fund managers snapping up all these bargains with their bottomless piggy banks? Why are many estate agents advertising for new instructions, with ’cash buyers waiting in your region’ if all the 2m + available properties are at rock bottom and ready to soar in value?





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