Wheels are coming off the club med countries

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This topic contains 11 replies, has 4 voices, and was last updated by Profile photo of DBMarcos99 DBMarcos99 3 years, 5 months ago.

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  • #57676
    Profile photo of katy
    katy
    Spectator
  • #117602
    Profile photo of angie
    angie
    Spectator

    Quite a few revelations in that article katy such as the PP caught up in a slush-fund scandal of ‘such gravity’, and El Mundo saying a pre-revolutionary mood is taking hold.

    Lately, very little news has been coming out of the Club Med countries probably by design and suppressed, but then this article says all is not well, ending with ‘sooner or later, this immense bluff must surely be called’ πŸ™„

  • #117603
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Lately, very little news has been coming out of the Club Med countries

    Been a lot of economic GOOD news coming out of Spain recently. No surprise though that the haters have kept quiet about it? πŸ˜†

    Do you want the links to the fantastic export performance?

    Or perhaps a reminder that unemployment fell by a record amount in June?

    Or perhaps this article highlighting foreign entrepreneurs starting businesses in Spain? (Chinese at the head, followed by Brits, Italians and Rumanians) http://www.abc.es/autonomos/20130620/abci-chinos-cabeza-nuevos-autonomos-201306201401.html

    A record year for tourist spend too: http://elpais.com/elpais/2013/07/10/inenglish/1373455635_072844.html

    Or even car manufacturers moving production to Spain? Opel was the latest one – yesterday they announced they are shifting production of the Mokka SUV from Korea to Aragon

    http://www.reuters.com/article/2013/07/10/us-gm-mokka-idUSBRE9690LX20130710

    But if you want a general article on why you should be optimistic about Europe, this may be of interest:
    http://www.thefinancialist.com/three-reasons-to-be-optimistic-about-europe/

  • #117604
    Profile photo of angie
    angie
    Spectator

    In spite of the latest from the M.O.S.P. ( πŸ˜† ) it’s no wonder that so many Spaniards are going overseas to find work, Germany being a favourite, what with the corruption in Spain’s PP on top of everything else.

    http://www.guardian.co.uk/world/2013/jul/07/spanish-youth-germany-unemployment-crisis

    http://www.theolivepress.es/spain-news/2013/07/10/leftist-parties-protest-transparency-law-meeting-to-pressure-rajoy/

    Go on, make that move Marcos, you’re not getting any younger, oh btw did you visit Malaga or was that one of your wishful thinkings again? πŸ˜†

  • #117605
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Truth hurts doesn’t it Angie? πŸ˜†
    Good news about Spanish economic performance (especially exports and tourist numbers) can only help stabilise prices in Spain.
    Here’s another great contract announced this week – Talgo wins 462 million order to supply train cars to Kazakhstan.

    http://www.spaintechnologyforlife.com/icex/cda/controller/pageGen/0,3346,1549487_6719796_6728280_4689125,00.html

    The contract, worth 482 million Euros, reinforces the Spanish manufacturer’s position in this ex-Soviet republic, where it established a presence last year. At that time Talgo was awarded a contract worth 1 billion Euros to provide maintenance service for Kazakhstan’s new fleet of trains over 15 years.

  • #117606
    Profile photo of angie
    angie
    Spectator

    Marcos we can see why you don’t like counter news, you are so in to your big-up Spain, big-up EU websites, plus your M.O.S.P. on here and British Expats, it’s almost a full time job for you including the winding up on B.E. etc, hope you get paid for it all, you’re so blinkered you cannot see the bigger picture posted by economists, not written by us, so if anything ‘the truth hurts you’ πŸ˜†

    Incidentally, have lost track of the number of times you said you were moving to Spain, your indecision whether Madrid, Valencia, possibly Malaga which you’ve yet to visit, and now Gibraltar, if you put it off much longer you’ll never make the move in fact I doubt you will within the next ‘how many years?’ It will be hot today in London, maybe as hot as parts of Spain, get some of that Park air into your lungs, enjoy a London tapas, get in the mood, you know it will focus the mind πŸ˜†

  • #117607
    Profile photo of katy
    katy
    Spectator

    have lost track of the number of times you said you were moving to Spain.

    Angie, was that an intended pun. πŸ˜† πŸ˜† He is in fantasy land, we should be feeling sorry for him if it wasn’t for him spoiling threads by trying to bury bad news instead of discussing it.

  • #117608
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    @angie wrote:

    Marcos we can see why you don’t like counter news, you are so in to your big-up Spain, big-up EU websites, plus your M.O.S.P. on here and British Expats, it’s almost a full time job for you including the winding up on B.E. etc, hope you get paid for it all, you’re so blinkered you cannot see the bigger picture posted by economists, not written by us, so if anything ‘the truth hurts you’ πŸ˜†

    Incidentally, have lost track of the number of times you said you were moving to Spain, your indecision whether Madrid, Valencia, possibly Malaga which you’ve yet to visit, and now Gibraltar, if you put it off much longer you’ll never make the move in fact I doubt you will within the next ‘how many years?’ It will be hot today in London, maybe as hot as parts of Spain, get some of that Park air into your lungs, enjoy a London tapas, get in the mood, you know it will focus the mind πŸ˜†

    Again (this is a forum about Spanish property and investments, not a forum for making personal jibes), there have been quite a lot of positive economic news coming out of Spain, whether it be exports, tourist numbers, or foreign investors investing in Spain.
    Will that affect house prices? I personally don’t think so, I think prices will bump along the bottom for at least another year or two. But I could be wrong.

  • #117609
    Profile photo of angie
    angie
    Spectator

    Hadn’t noticed my pun katy πŸ˜‰ πŸ˜›

    Marcos if you dish out jibes you will get some back, take a look at your posts to check your jibes first πŸ™„

    Yes there’s some good news but you fail to see any negative, there is a balance to every argument and as this topic is about Club Med countries here’s the latest from a respectable economic publication City AM July 11th 2013 which I tend to agree with:

    http://www.cityam.com/article/portugal-crisis-all-member-states-would-be-better-outside-euro

  • #117610
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    @angie wrote:

    Hadn’t noticed my pun katy πŸ˜‰ πŸ˜›

    Marcos if you dish out jibes you will get some back, take a look at your posts to check your jibes first πŸ™„

    Yes there’s some good news but you fail to see any negative, there is a balance to every argument and as this topic is about Club Med countries here’s the latest from a respectable economic publication City AM July 11th 2013 which I tend to agree with:

    http://www.cityam.com/article/portugal-crisis-all-member-states-would-be-better-outside-euro

    If you’re moving to the Euro argument – well we’ve discussed this before regarding.
    Yes there are certain benefits, but also drawbacks.
    The main reason why the Spanish people probably aren’t hotly persuing this option, is because they aren’t going to want politicians and bankers in Madrid (or in Barcelona, who don’t lack their own corruption) controlling their currency.
    Still, with tourists spending plenty of euros, and exports doing so well, why would they need to revert to a depreciating currency?

    Is a British-style depreciation what Spain needs? Apparently not..
    http://www.philippelegrain.com/is-a-british-style-devaluation-really-what-spain-needs/

  • #117611
    Profile photo of kgpoc
    kgpoc
    Participant

    DB – I like your optimism ( I really do), but lets not try and circle the wagons on mirages! We have a working example with the warning given with the famed Euro Casino project (I warned that Casinos do not invest like the article were publishing, and funnily enough, it is all dead).

    Now to highlight a few other mirages that were posted. I played golf 3 weeks ago with the most senior people or Acciona, Aciturri (2nd largest airbus manufacturer in Spain) and Aernnova (biggest airbus manufacturer in Spain). Now the Acciona director sounded just like you, everything was swimming, there was optimism, etc but he admitted he was not involved in any new projects that were not there before the crisis. The biggest news came from the airbus guys. Even after having an article in el Mundo declaring that these 2 companies will see their revenue grow 15% year on year for the next 5 years thanks mainly to the A350 (these 2 design the whole tail fin and back flaps). Both people said, they will not hire a single new worker, nor will they build a single new building, they have everything they need currently. The guy from Aciturri said it was due to debt financing (it costs them double to finance any project even short toerm float, compared to French or German suppliers) and according to the Aernnova guy, they have production in Romania that they are able to increase fabrication there..

    Make for great headline but sadly they will not improve the most important thing that Spain needs to get out of the crisis.. Jobs!

    I am not a hatter, I am realist. I am also about to buy a piece of land in a pueblo but it is for completely different reasons than believing it will every pay me back..:)

  • #117613
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Quick answer Kgpoc – If I were looking to make an investment in Spain to make money (and I am persueing some options currently), I’d agree it would not be in land. It would also be something that earnt most of its money from the international market.

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