Re: Re: The Spanish Economy

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logan
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@garysfbcn wrote:

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.
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That may or may not be true Gary but the markets, particularly the bond markets, view things differently. Britain is now seen as an example of prudence and Sterling a safe haven.

The OECD has announced the UK economy is set for a modest recovery in the second half of this year.
http://www.telegraph.co.uk/finance/economics/9256957/UK-recovery-gathering-pace-as-world-economy-recovers-says-OECD.html

Spain is slipping slowly into a much more prolonged recession. The underlying economic problems will just not go away on their own.

Rajoy’s government I admit are taking many necessary measures but the constant tax hikes will be a counter measure to reforms and stimey growth.