Re: Re: The Spanish Economy

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GarySFBCN
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With a welfare safety net providing solely for those in genuine need, the UK system is better.

With a welfare safety net providing for those in genuine need, as well as huge numbers of genuinely work-shy, I’m really not so sure.

Comparing both public and private debt, and disregarding the unmeasurable ‘genuine need’ aspect of this, the UK is less prudent than the Spanish. Economists are going-off about the private debt crisis in Spain, which, as a percent of GDP, is less than half of that in the UK.

And while there are a lot of problems in Spain, I do believe that the bashing of Spain is providing France, Germany and the UK with a convenient distraction to their own, unsustainable economies, economies that are, by many measures, worse than the Spanish economy.