Spain’s Long Economic Nightmare Is Finally Over

[woohoo]

Since the Brexit vote people have got poorer, because of the pound crashing, whereas the Spanish are getting wealthier.

No they haven't got wealthier. More working poor, more temp contracts.

[scooterscot]

You need to look further into these articles. Most are propaganda or misinformed.

1. Quarter of Spains revenue is spent on servicing its debt. 105% GDP.

According to the world bank Spain's revenue spent on servicing debt is 15% not 25%. Where did you get your information from, the Daily wail?

Interest payments (% of revenue) | Data

How can we take the rest of your points when false facts are used to support your argument?

[scooterscot]

Right:



Seize on the good. Ignore the bad.

Ken. Seems some continue to ignore the bad.

[scooterscot]

Really?

Really really. Think of all that empty housing for young Spaniards to occupy who can't get on the housing ladder.

[BlasterBates]

UK consumer confidence dropping like a stone. Looks bad.

[Mordac]

Spain's economy grows three times as fast as the UK.


"The Spanish government has raised its forecasts for economic growth this year and now expects the economy to grow by at least 3% in 2017"

Where are all the EU doomsters?



source: https://www.nytimes.com/2017/07/28/b...mployment.html

Nice headline, but public debt is now 100% of GDP, and still rising, and guess where most of it is owed to?

(It's the ECB, btw, in case you were struggling, so I hope the Germans are happy to carry on working their nads off to subsidise the Spanish economic miracle, and the Greek one, and the Italian one, and the Portuguese one...)

[Mordac]

Spain will do even better after Brexit when they deport the 761,000 Brits living there sponging off the Spanish welfare state and taking the jobs of the Spaniards.

You really think they're all working? Dream on.
Those who can't afford their own healthcare insurance will have to return to the UK, but the wealthy ones (and there are loads of them) will be fine.

[scooterscot]

Nice headline, but public debt is now 100% of GDP, and still rising, and guess where most of it is owed to?

Woah 100% now? It was well over that last year. Moving in the right direction.

Meanwhile UK debt to GDP is continuing to rise...

[shaunbhoy]

Really really. Think of all that empty housing for young Spaniards to occupy who can't get in the housing ladder.

You really are weapons-grade stupid ain't ya?

[woohoo]

According to the world bank Spain's revenue spent on servicing debt is 15% not 25%. Where did you get your information from, the Daily wail?

Interest payments (% of revenue) | Data

How can we take the rest of your points when false facts are used to support your argument?

Scooter, first off you should not just accept my points, question them and the articles you read.

Regarding debt payments search the ft, remember you have to pay interest AND and an agreed amount. So a graph with interest payments is only half the story.