Why are Greece, Portugal and Spain the weakest countries in Europe?
Greece, Spain POrtugal
Why are Romania, Poland, UK, Estonia and Iceland the strongest countries in Europe?
Ok Franco,
Why are Greece, Portugal, Spain, Romania, Poland, UK, estonia and Iceland the weakest countries in Europe? Do you feel better now?
Why are Greece, Portugal, Spain, Romania, Poland, UK, estonia and Iceland the weakest countries in Europe? Do you feel better now?
Simple: they're not white. You didn't think those mud people would be able to build a stable society, did you?
Spain may be following Iceland and Greece as the next country facing systemic economic collapse due to the global financial and economic crisis. Recently released macroeconomic data is illustrative of a national economy in free fall. Not even the United Kingdom, with its insolvent banks and a collapsing currency, is in as decrepit economic shape as is Spain.
Among the eurozone economies, it clearly has the worst performance. Not that the other eurozone countries should gloat, for the Spanish economic contraction is a roadmap for the destination in store for the European Union as a whole.
Without question, the Spanish economy is grinding to a halt, significantly increasing the unemployment rate, which currently stands at 20%. As with the United States, the perception of prosperity in Spain was largely fabricated on the basis of a housing boom and highly leveraged real estate speculation. Again matching the American experience, the housing asset bubble in Spain was punctured, in the process crippling financial institutions and curtailing access to credit by Spanish enterprises. The ripple effect brought on by the collapse in housing and the banking crisis has crippled the broader economy to such an extent, cascading business and personal bankruptcy rates and massively rising levels of unemployment seem irreversible.
Among the eurozone economies, it clearly has the worst performance. Not that the other eurozone countries should gloat, for the Spanish economic contraction is a roadmap for the destination in store for the European Union as a whole.
Without question, the Spanish economy is grinding to a halt, significantly increasing the unemployment rate, which currently stands at 20%. As with the United States, the perception of prosperity in Spain was largely fabricated on the basis of a housing boom and highly leveraged real estate speculation. Again matching the American experience, the housing asset bubble in Spain was punctured, in the process crippling financial institutions and curtailing access to credit by Spanish enterprises. The ripple effect brought on by the collapse in housing and the banking crisis has crippled the broader economy to such an extent, cascading business and personal bankruptcy rates and massively rising levels of unemployment seem irreversible.
I hope Spain becomes so poor that not even a single immigrant will come here again. Poor but pure!.
Just ask the UK nicely to withdraw the funding and you'll be poor in no time.
Poor and thus with a strong and corrupt Catholic Church which controls its people like worthless minions. Drunken piggish tourists are ruining what was once a great country, so it would all be worth it!
Being poor will make all immigrants in Spain abandon the country like rats and luckily they will choose UK as their new destination. So Spain will remain pure like Virgin Mary.
Catholic Church which controls its people
This sounds ridiculous. Generally Spaniards are much more "free" and open minded than most Northern Europeans
This sounds ridiculous. Generally Spaniards are much more "free" and open minded than most Northern Europeans
Drunken piggish tourists are ruining what was once a great country, so it would all be worth it!
yeah, in the 16th century! Después, nada mas!
yeah, in the 16th century! Después, nada mas!
Here's the real list of countries most likely to default in Europe over the next 5 years, according to the market (which is just a guess):
Greece -- 44%
Ukraine -- 36%
Portugal -- 24%
http://www.cmavision.com/market-data/
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Others, that just happened to appear on the site to day:
Sicily -- 23%
Spain -- 16%
Turkey -- 12%
Poland -- 10%
Slovenia -- 7.6%
Netherlands - 4.1%
Germany -- 3.6%
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From past days/weeks:
Norway -- roughly 2-3%
US -- roughly 4-5%
Greece -- 44%
Ukraine -- 36%
Portugal -- 24%
http://www.cmavision.com/market-data/
----------------------------
Others, that just happened to appear on the site to day:
Sicily -- 23%
Spain -- 16%
Turkey -- 12%
Poland -- 10%
Slovenia -- 7.6%
Netherlands - 4.1%
Germany -- 3.6%
-------------------------------
From past days/weeks:
Norway -- roughly 2-3%
US -- roughly 4-5%