Spain back in recession

Discussion in 'Europe' started by Nova78, Apr 30, 2012.

  1. Nova78
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    Nova78 VIP Member

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    Statistics office confirms Spain back in recession | Financial Headlines | Comcast

    Spain confirmed Monday it was officially back in recession as the country's economy shrank 0.3 percent in the first quarter compared to the previous three months.

    This is Spain's second recession in three years. The contraction follows a similar decline in the final quarter of last year. Two consecutive quarters of economic contraction constitute a technical recession
    Spain is struggling after the collapse in 2008 of a property bubble that had fueled nearly a decade of solid growth. It now has 24.4 percent unemployment and a deficit of 8.5 percent as of the end of 2011, which it must reduce to 3 percent in 2013.

    We will follow in Spains footsteps as soon as Obama care kicks in.....
    :eusa_whistle:
  2. Artevelde
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    Artevelde Senior Member

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    Years of Socialist mismanagement at the national level and in several of the regions.
  3. Political Junky
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    Political Junky Silver Member

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    A far cry from the right wingnut, Franco.
  4. CoolBreeze
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    CoolBreeze Momma if you could see me

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    ........and this is what the left wants for the US, a European style economy.
  5. Artevelde
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    Artevelde Senior Member

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    Newsflash: Franco has been dead for the better part of 40 years.
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  6. JStone
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    JStone BANNED

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    Happy to see the spics in the shitter who have contributed nothing to the world. The Greeks even make better olive oil.
  7. Urbanguerrilla
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    Urbanguerrilla Active Member

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    ??? Not much difference...:confused:

    Panorama: Poor America
  8. Urbanguerrilla
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    Urbanguerrilla Active Member

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    :confused:

    So now even an ignorant jewboy with a silly bomb for a hat like you know :lol:
  9. JStone
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    JStone BANNED

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    You needed to go back to the 16th century for a fake Wiki article, dumb motherfucker? :badgrin: :clap2:

    How many Nobel Prizes has the shithole of spain produced in science? Zero :badgrin:
    Last edited: Apr 30, 2012
  10. Urbanguerrilla
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    Urbanguerrilla Active Member

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    There's nothing more fake then Israel, the fake, made-up pretend country, that lies like a big leech across Palestine :lol:

    Thats right, the discovery of neurons, submarine, steam-engine...all from the 16th century...you just keep telling yourself that :eusa_whistle:

    Santiago Ramón y Cajal shared the Nobel Prize for 1906 with Camillo Golgi for their work on the structure of the nervous system. :eek:
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  11. JStone
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    JStone BANNED

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    You needed to go back 100 years, dumb motherfucker? :badgrin: :clap2:

    Israel has produced 7 Nobel Prize Laureates for important advances in science and economics in the last few years. :clap2:

    OTOH, you play videos and whack off to porn all day like the rest of you worthless spics :badgrin:
    Last edited: Apr 30, 2012
  12. JStone
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    JStone BANNED

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    Palestine was the invented Roman name for Israel under the Roman Empire that ended 1500 years ago, uneducated motherfucker. :badgrin:

    You see any palestine in the Bible? Nooo. Palestine in the Quran? Nooooooo Israel? 2500 times in the Bible and Quran :badgrin:

    You and the spics are such worthless bags of shit

    Biblical Historian and Scholar Dr. Paula Fredriksen, Professor of Religion, Boston University; Ph.D, History of Religion, Princeton University; Diploma in Theology, Oxford University
    PBS...
    [ame=http://www.youtube.com/watch?v=DLypbbijk2I&feature=relmfu]The Gifts of the Jews - YouTube[/ame]
    Last edited: Apr 30, 2012
  13. PeteEU
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    PeteEU Active Member

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    Actually not exactly true.

    While the socialists have part of the blame, the right in Spain have a large portion of blame as well.

    The regions with some of the biggest problems are actually run by the right and have been for many years.

    Also the property bubble was in large part started thanks to the previous right wing government and its policies and corruption, both at a national but also regional and local level.

    Oh and for the record... Spain and the UK are contracting pretty much the same over the last 6 months.. and the UKs deficit is far higher than that of Spain plus their debt is higher.. go figure.
  14. JStone
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    JStone BANNED

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    If the spics stopped taking 18 hour siestas each day and learned to be more productive, spain might not be a bankrupt, vacuous, worthless shithole.
  15. Truthmatters
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    Truthmatters BANNED

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    austerity did NOT produce what the right claimed it would produce.

    why are you people pretending otherwise?
  16. Artevelde
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    Artevelde Senior Member

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    The Partido Popular has been in power for all of 4 months for heaven's sake!
  17. California Girl
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    California Girl BANNED

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    Ahhh, the intellectualism of the moron on display. :lol:
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  18. California Girl
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    California Girl BANNED

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    I would disagree.... to some extent. A major part of Spain's current economic woes are due to its laughably ludicrous experiment to rely completely on a 'green economy'. 100% green apparently leads to 100% in the red. :lol:
  19. JStone
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    18 hour siestas doesn't help productivity especially given the spics are inferior to begin with
  20. California Girl
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    Please do not attempt to engage in a discussion with me. You're far too much of an idiot for me to tolerate.
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