Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › So… Are we all agreed that the Euro is here to stay? › Re: Re: So… Are we all agreed that the Euro is here to stay?
This what the man who controls China’s investments thinks
“I think if you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of their worn out welfare societies,” Jin Liqun said in an interview with Al Jazeera television. “I think the labour laws are outdated – the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack.”
There is some truth in that statement. Spain is a good example. To make someone redundant they have to pay a worker 20 days pay for every year worked for the company. Many small to medium sized companies have no alternative but to go bankrupt. Happened to my friend’s Father in Elche, he had 2 shoe factories. Because of cheap imports they needed to cut the workforce but still had enough trade for 1 factory. All the workers had been there a lifetime and there was not enough money to pay redundancy…result, liquidation and everyone lost their jobs instead of 50% 🙄
When my Daughter worked in Netherlands they had problems with staff always on sick leave as the terms were generous. One worker had over 2 months sick leave for an ingrowing toe nail!