‘Catch 22’ Wages Threaten as Spain Joblessness Soars

Spanish Property Insight Forums Spanish Property Forums Real Estate Topics, News & Discussion​ ‘Catch 22’ Wages Threaten as Spain Joblessness Soars

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    • #55035
      Anonymous
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    • #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
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      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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