Spain economy shrinks in second quarter; forecasted to contract 1.7% this year

Monday, July 2nd 2012 - 06:07 UTC

Full article 4 comments

Spain's economy shrank further in the second quarter but looks set to stabilise over the rest of the year while the government continues to push structural reforms and budget austerity, Economy Minister Luis de Guindos said. Read full article

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Englander
Good footballers.
Jul 02nd, 2012 - 09:28 am - Link - Report abuse 0
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ChrisR
At least their economy will be better than Argentina.

We can at least expect near the truth from the Spanish Government, unlike the lies from INDEC.
Jul 02nd, 2012 - 05:24 pm - Link - Report abuse 0
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Fido Dido
We can at least expect near the truth from the Spanish Government, unlike the lies from INDEC.

My god, you're such an idiot. As if you can trust those stooges in the Spanish Government. Mr Guindos (ex Lehman Brothers) who intrudoced Spain to their worthless derivative. They are commited to austerity, meaning raising taxes, cut services you pay for and pay the zombie banks, meanwhile let the people eat cake, while useful idiots believe it's a good idea.
Jul 03rd, 2012 - 06:38 am - Link - Report abuse 0
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ChrisR
3 Fido Dido

Why is it that your first sentence after you quoting the original poster ALWAYS has a disparaging term in it? Do you consider yourself that inferior that you cannot stand anyone having a greater knowledge than you?

Austerity is about not spending more money than you can pay back! Eventually, you get out of debt. Being in debt is bad!

There, a simple lesson on economics in the real world, not the madhouse of many of the countries in South America.
Jul 03rd, 2012 - 02:34 pm - Link - Report abuse 0
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