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http://www.itveuropeandyou.com/EN/default.aspx
Their interview is about 5.3 minutes into the programme.
roots
Spain is going to need a bailout very soon, the threat of holding back funds was an empty one before this crisis. To hold back funds now when the very concept could cause the failure of the Euro is, even if not physically possible, an even emptier threat!!!
>Spain is going to need a bailout very soon,
There is not enough money in the world to start bailing out countries like Spain.
@peterhun wrote:
>Spain is going to need a bailout very soon,
There is not enough money in the world to start bailing out countries like Spain.
Money is not a natural commodity, it is entirely man made, just make some more.
The real problem is that money is not being earned, it buys less then we need more.
The less there is of any comodity increases its worth. More money in the system devalues its worth.
Work harder for less money////
Or dont work at all and get lots from the state.- vilprano wrote:peterhun wrote:>Spain is going to need a bailout very soon,
There is not enough money in the world to start bailing out countries like Spain.
Money is not a natural commodity, it is entirely man made, just make some more.
The real problem is that money is not being earned, it buys less then we need more.
The less there is of any comodity increases its worth. More money in the system devalues its worth.
Work harder for less money////
Or dont work at all and get lots from the state.They had the same issue in 1929-1933, did not know how much money to create. Then the Second World War resolved all the puzzles…
Did anyone else find the inane ‘smiling’ face of the female interviewer as annoying as I did? You’d never have guessed such a serious issue was being discussed.
‘They had the same issue in 1929-1933, did not know how much money to create’. Unemployment in the Great Depression was at 27% which raised hobos, shanty towns, soup kitchens and the song ‘Buddy, Can you Spare a Di-‘ Hey, hold on.
Andalucía is already at 27%… and rising.A cartoon this week in Greece – just as apt for Spain?
Men sitting at a meeting in Parliament:
Gentlemen, we’re heading for a controlled bankruptcy.
Is it official?
Yes, the Prime Minister himself has just denied it.
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