‘Catch 22’ Wages Threaten as Spain Joblessness Soars

This topic contains 4 replies, has 3 voices, and was last updated by  Anonymous 8 years, 5 months ago.

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  • #55035

    Anonymous
    Participant
  • #92439

    Anonymous
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    @brianc_li wrote:

    Bloomberg article.

    http://www.bloomberg.com/apps/news?pid=20601109&sid=awqfPnCyq70w

    ““The only way for Spain to recover the lost competitiveness of the last 10 years will be for a sustained drop in prices and wages,” said Luis Garicano, a professor at the London School of Economics. “

    It is time for Spain to realize that they did not arrive to the level of wealth of France so their prices should be lower.

  • #92443

    Anonymous
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    France has a proper diverse economy.

  • #92444

    Anonymous
    Participant

    @shakeel wrote:

    France has a proper diverse economy.

    Exactly.

  • #92447

    Anonymous
    Participant

    The banks could offer interest only mortgages until such time. They will not do so, no commercial rational reason behind it. Cut out the notary.

    This is good time for Spain to re think the whole businesses practises. Will they do it. NO.

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