Spain and UE

Discussion in 'Europe' started by VIMO, Nov 15, 2012.

  1. VIMO

    VIMO Rookie

    Nov 15, 2012
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    I will try to simplify the economic situation in Spain and the reasons leading to it:

    On the one hand, countries have a debt to outsiders due to previous loans, pending return.

    How it has come to generate that amount of debt, in some cases, is disproportionate to the ability to pay of the debtor?. The debt is generated for a simple reason: It spends more than it is entered. But that seems a little absurd because it is known that a country produces more than it spends. So to generate debt have to spend much more than what is needed.

    This has a direct relationship with the ambition of rulers who, in principle, want to "save face" with its citizens, making necessary infrastructure first and other less necessary as unused airports later. By the way have found that investments in the country they, individually, or party, can be substantial commissions.

    Well, we've spent more than you need and begin to generate debt.

    We have the indebted countries, now there are debts that have not reached a size manageable by the country in the short term. Obviously the debts of the countries are prorateables among its citizens.

    Thus we must extend the debt for quite some time, especially since we have entered a situation where we generate no more than what we spend, so that the debt has to last long.

    Extending debt based issue new debt, with debt paid with income above, but in reality, all we do is increase it even more, because as I said we now generate less than what we spend because of the critical situation in we have placed ourselves.

    On the other hand our situation increasingly forces us to pay more and more interest on the debt. Why? Because lenders are taking advantage of the situation to see that we are in a hurry.

    And also because no one supports us debt.

    As we are in the European Union, it is logical that without relying as we are partners and share supposedly many risks and benefits. But this does not happen, why?. It's a little absurd because we pay great interest impoverish evidently Union.

    The reason is because there is no European Union. The so-called European Union is a set of individual interests, where premium itself on others, and countries well treated by agents external lenders are very pleased with this deal and do not want to lose. They do not care that other countries are paying a high interest if it makes them low pay. In short they are taking advantage of us, we paid our debt and theirs.

    In this situation the attitude of Merkel, Draghi, and other absolute is disloyalty to the southern countries. Otherwise we would have to conclude that they are fools, and do not think they are.

    But what is not understandable is the attitude of our rulers: This submission to the dictates of you is trampling undisguised neck can not be understood. At least, if they are not interested move on without these companies, should torpedo the interests of the countries predators to keep them free out abuse. But besides the existence of the European Union, if only theoretically, provides weapons to deal with it differently, especially considering that there is not much to lose.
  2. waltky

    waltky Wise ol' monkey Supporting Member

    Feb 6, 2011
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    Okolona, KY
    The pain in Spain lies mainly on the plain...
    Spain: Economy is Worsening
    April 26, 2013 - Spain says its economy is worsening and that it will take two years longer than first thought to meet Europe's deficit target.

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