Spain back in recession

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

  1. Nova78
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    Nova78 Silver 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 Gold 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 VIP Member

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

    Panorama: Poor America
     
  8. Urbanguerrilla
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    Urbanguerrilla VIP 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 VIP 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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