beachcaster
Free Member
After weeks of saying they will not need bailing out........Spain now goes cap in hand to anyone who can help them.
Its in big trouble. Crime up . Rioting. Massive social unrest on the horizon as people take to the streets. And "Austerity" hasnt even hit them hard yet!
€27bn The amount being cut from Spain's most recent budget.
11 The number of days Spain's borrowing costs have been at least 5 percentage points higher than Germany's. Greece survived for 16 days without a bailout at the same threshold.
366,000 The number of people who have lost their jobs in Spain so far this year.
€19bn The bailout required to save Spanish bank Bankia from collapse.
62 per cent The fall in value of the benchmark Spanish stock market index, the Ibex, since 2007.
51.1 per cent The rate of unemployment among Spanish youths under the age of 25.
15 per cent The expected contraction in house prices over the next year.
9.8 per cent The amount by which retail sales fell year-on-year in April 2012.
( fugures taken from the Independant)
Its going down the tubes.........will it be safe to travel there next year ?
barry
Its in big trouble. Crime up . Rioting. Massive social unrest on the horizon as people take to the streets. And "Austerity" hasnt even hit them hard yet!
€27bn The amount being cut from Spain's most recent budget.
11 The number of days Spain's borrowing costs have been at least 5 percentage points higher than Germany's. Greece survived for 16 days without a bailout at the same threshold.
366,000 The number of people who have lost their jobs in Spain so far this year.
€19bn The bailout required to save Spanish bank Bankia from collapse.
62 per cent The fall in value of the benchmark Spanish stock market index, the Ibex, since 2007.
51.1 per cent The rate of unemployment among Spanish youths under the age of 25.
15 per cent The expected contraction in house prices over the next year.
9.8 per cent The amount by which retail sales fell year-on-year in April 2012.
( fugures taken from the Independant)
Its going down the tubes.........will it be safe to travel there next year ?
barry