http://www.bbc.co.uk/news/magazine-19682049 (http://www.bbc.co.uk/news/magazine-19682049)
Yup so typical Spanish >:(.....corruption on an unbeleivable scale...and so sad and worrying for the poor souls left trying to pick up the pieces from it. I know a lot of expats on the mainland, mostly Andalucia, who are in the same boat, getting very worried about the situation :o
area by area
http://www.bbc.co.uk/news/business-18951575 (http://www.bbc.co.uk/news/business-18951575)
That is just horrifying.
The €100M bailout is not going to go far. The financial mis-management of European Governments and lack of any possible accountability makes me weep.
Spain needs:
- €100Bn for their regions and national government works
- €100Bn for their banks in order to sell off/write off their almost worthless real-estate which is currently way overpriced (2 times at least)
Hence the €60Bn will have no lasting impact.
The longer the Spanish government waits the bigger the downfall will be in 2014 or 2015 as 2013 will only be a year of false hope.
Then Spanish holidays will become as cheap as in 1970 for other Europeans.
http://www.bbc.co.uk/news/business-19733995 (http://www.bbc.co.uk/news/business-19733995) >:(