Spain faces a “crisis of huge proportion” with “terrible figures”
Spain's sickly economy faces a “crisis of huge proportions” said Foreign Minister Jose Manuel Garcia-Margallo as unemployment hit its highest level in two decades and Standard and Poor's weighed in with a two-notch downgrade of the government's debt.
Spain's unemployment rate shot up to 24% in the first quarter, the highest level since the early 1990s and one of the worst jobless figures in the world. Retail sales slumped for the twenty-first consecutive month.
“The figures are terrible for everyone and terrible for the government ... Spain is in a crisis of huge proportions,” he said in a radio interview.
Spain has slipped into its second recession in three years putting it back in the centre of the euro zone debt crisis storm.
Likewise Standard & Poor's cut its credit rating on Spain by two notches, citing expectations the government finances will deteriorate even more than previously thought as a result of a contracting economy and an ailing banking sector.
The ratings agency, which downgraded Spain to BBB-plus from A, also put a negative outlook on the credit and said Spain's situation could deteriorate further unless ambitious measures were taken at European level.
“We think risks are rising to fiscal performance and flexibility, and to the sovereign debt burden, particularly in light of the increased contingent liabilities that could materialize on the government's balance sheet” S&P said in a statement.
It was the first downgrade for Spain since Prime Minister Mariano Rajoy took office in December.
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23 comments Feed
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What else do you expect from the Argie crooks ! The British/Falklanders are a different proposition altogether.We will NEVER trust Argentina no matter how sweetly Alicia Castro smiles.
Timeline
1976-1983: CIA backed Arg dictatorship, military takes control of YPF and runs up a debt of 6 billion USD.
1992 YPF is generating an annual loss of 200M USD
1993 Arg is forced to privatize YPF as there is no money to uphold the company, dictatorship has sacked the country and left nothing but enormous debts.
1998 Repsol buys most of YPF at a price that equals 9 months of production
Morale: NO MORE SELLOUTS
I really admire you generosity gesture but Spanish don’t deserve it.
In one of my trips to Spain I presence in the custom service a really mistreatment toward an Argentinean and Brazilian (before they become rich).
The Argie was taken to a customs service office, and they treated him as a criminal, according with the guy he has to show all the cash he has plus evidence where to stay, etc, etc.
And this was before the ARG crisis.
British are not even better toward Aussies, NZ & co.
French are the worse and especially with Americans.
All them like to make their show of superiority especially toward former colonies.
So a little bit of search, kick in the ass and treatment like shit will not be so bad to remember them that generosity goes in two ways.
Here something funny:
During the recession in the 92/5 in Britain I read on a newspaper about good countries to emigrate for British.
Guess what, the first countries in the list were Australia, Canada, USA and Argentina (reason argies like to learn British English and have a strong EU culture). You cannot find more hypocrite people in this world.
So an advise for Argies if you don’t have an EU passport to pass through like at home. Get a lot sun put a turban on your head and learn some middle east or African language.
You will have no problem as you will pass unnoticed and they love Kebabs and that kind of stuff.
What a clown! “Get a lot sun put a turban on your head and learn some middle east or African language.”
Anyone doing that will be in for a full body search, including touching their toes and having the vaseline glove treatment before being sent back to the shit-hole they came from.
You really are a dead head aren't you? Got your new job yet: you never answered me on another post. Guess I know the answer anyway - you are a bullshitter in the 'I don't Think' camp. Pair of wankers.
these Argies need to clean there tongues
According with what you can see in the street of UK you have wasted a lot of vaseline and gloves with poor results. May be you like to touch people for any reason?
www.youtube.com/watch?v=xN6TZ6HpheA
This is what you call British efficiency?
Im surprised CFK has not offered to take some ships and planes of her hands, for a few bob.
Every penny counts .
.
It's news isn't it? show me someone who didn't see that coming and I'll show you a blind man.
Well you know what they say...... With friends like these........
No, that is what we call ungrateful ragheads aka muslim extremists who were born of decent Pakistani people who fled to the UK for a better life and had these children.
Despite their parents telling them how grateful they were to Britain for literally saving their lives (and thus being able to have these idiots in the first place) these stupid sods think the sun shines out of Mohameds arse and want to kill all infidels who do not adopt islam.
That includes YOU. Make no mistake that is EXACTLY what these numbnuts want.
My answer to it is very simple. ANYONE, whether they are white British or coloured British (like the morons in the video) who go to Pakistan or Afghanistan for 'training' should have their British Citizenship revoked, loose their passport and be sent back to where they arrived from. END OFF.
Now you are sounding like a true Brit. Well come back.
I thought we were losing you mate?
agreed agreed and agreed
And what would happen in Argentina if this sort of thing went on?
”Despite their parents telling them how grateful they were to Britain for literally saving their lives (and thus being able to have these idiots in the first place) these stupid sods think the sun shines out of Mohameds arse and want to kill all infidels who do not adopt islam.“
You mock ChrisR but what would happen in Argentina? what would be their fate? Disappeared? shot without trial? pushed out of a plane? I'm with ChrisR on this one. Anyone who chooses to live in a country and then treats that country as ”The Infidel”, something to be destroyed, should be deported, don't you agree? Or would you still welcome them with open arms? but if that ever happened in Aregntina what would you do?
Where are going to run briton for the next incoming uk crisis??
Britain at risk of worse deficit crisis than Greece
Britain is at risk of a Govenment deficit crisis worse than that of Greece, sparking serious fears over the economic stability of the country
www.telegraph.co.uk/finance/financialcrisis/7266097/Britain-at-risk-of-worse-deficit-crisis-than-Greece.html
you heard it on the telegraph.. right ??
you heard it on the telegraph.. right ??
No! I haver heard that well before that article....There are several sources...The Telegraph is old in comparison with much earlier statements..
“We cannot say we are open to business and then force visitors to queue for hours to get in.”
www.telegraph.co.uk/news/uknews/immigration/9234991/Heathrow-at-breaking-point-as-Border-Force-struggles-to-cope-leaked-memos-warn.html
Just what isyour problem, Teutonic inferiority complex perhaps at being a complete and utter failure at everything you do to have to point to everything that 'goes wrong' in the UK? Is that what it is?
The Border Force who are responsible for ensuring illegal immigrants are turned back are a complete and utter bunch of pratts. They ALL need someone in charge to wake them up. And the 'government' we have need to get some balls to do it right without worrying about the bleeding hearts who shout 'human rights' all the while.
At least the people who are being held up are not rioting and throwing lumps of concrete at the policia like they would be in Argentina.
good answer for a change .
“Leading airlines have described the situation as a “national embarrassment”. The difficulties outlined last week will intensify pressure on the Theresa May, the Home Secretary, to act swiftly. Business leaders stepped up their demands for action to sort out the chaos.”
““I spent a lot of time in the queue areas and dealt with a lot of angry passengers who were hostile towards me or had been verbally abusive. The atmosphere was an unpleasant one.”
“I am unsure but I do not believe our staff are trained to use these machines,” one manager said. “
“At least the people who are being held up are not rioting and throwing lumps of concrete at the policia like they would be in Argentina”
Do you mean “rioting” like happen in UK like this?
www.youtube.com/watch?v=28ry_9vcRU4
www.youtube.com/watch?v=zHOZxlnBPvs
I like your technique in 5:25 from first video of smashing cars.
And I also I love your efficiency on resolving problems.
“He also told BAA to stop passengers taking pictures of the queues in the arrivals hall in a further attempt to stem the flow of information about the havoc.”
So no pictures no problems, can you see how UK works on these days?
Despite, against my better judgement, holding a reasoned dialogue with you it is all to no avail.
You are indeed the apprentice to that other well known liar, obfurscator of the truth and evader of answering questions: 'I don't Think'.
Goodbye.
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