4.010.700 is the actual (april 2009) oficial jobless toll in Spain, with an increase of 802.800 persons during the passed quarter.
That means a 17,3% of the active spanish population without work.
On top of that, add the millions of youngsters that haven`t been able to get their first labour contract, plus the millions of retired who live from their pension.
The result is a disastrous consequence of a real bad management: NINE OUT OF TEN new unemployed Europeans are Spaniards!
In my earlier (Jan 21, 2009, only 3 months ago..) post “ZAPATERO” I predicted that, the then jobless rate of 14,7%, was heading towards a 20% by the end of the year. I must rectify this: the jobless rate will reach a minimum of 25% of the active population, THREE TIMES as much as the European average!
The International Monetary Fund is warning the Spanish Government about the actual situation and the continous increase of public spendings, which is just the contrary of what should be done:
(From the Guardian UK): “You don't want to dig a hole so deep now that you have difficulty coming out of it when the economy normalises," said Bob Traa, head of the IMF mission to Spain, during a press conference in Washington.
The government has announced 70 billion euros ($90.46 billion) in fiscal stimulus and measures to strengthen banks”.
Spain's fiscal deficit and public debt is ballooning, but NO OTHER MEASURE has been imposed by this weak, theoretical, dogmatical and lost Government that already got a severe telling-off after losing the passed regional elections in Galicia, where the opposition party won by absolute majority.
In my earlier (Jan 21, 2009, only 3 months ago..) post “ZAPATERO” I predicted that, the then jobless rate of 14,7%, was heading towards a 20% by the end of the year. I must rectify this: the jobless rate will reach a minimum of 25% of the active population, THREE TIMES as much as the European average!
The International Monetary Fund is warning the Spanish Government about the actual situation and the continous increase of public spendings, which is just the contrary of what should be done:
(From the Guardian UK): “You don't want to dig a hole so deep now that you have difficulty coming out of it when the economy normalises," said Bob Traa, head of the IMF mission to Spain, during a press conference in Washington.
The government has announced 70 billion euros ($90.46 billion) in fiscal stimulus and measures to strengthen banks”.
Spain's fiscal deficit and public debt is ballooning, but NO OTHER MEASURE has been imposed by this weak, theoretical, dogmatical and lost Government that already got a severe telling-off after losing the passed regional elections in Galicia, where the opposition party won by absolute majority.
Zapatero and his "Alice in Wonderland" policy (Gustavo Bueno: "The Alice Thought""; Enrique de Diego "ZP in Wonderland") is living an outside reality, closing his eyes to the facts. Urgent logical measures are needed: private companies create jobs, the administration does not!
He should facilitate the instruments for a favourable economic clima: other countries have reduced their fiscal pressure on companies; have reformed their labour policy, have reduced the number of public servants and have given credit facilities to entrepreneurs.
Spain has conceived over 4 million Public Servant Posts, triplicating the average number of clerks that are really needed: one clerk for every 10 Spaniards!
The National, Regional and Provincial Administrations have been engendering a very expensive and partially useless "lusus naturae", completely unaffected and indifferent to the population`s problems.
In this strange and misgoverned country, where public corruption is in the daily news, justice politicized and traditional values such as "one country, one flag, one lenguage; family; education; civil rights; etc.", ignored, the gap between other, more serious European countries, is getting bigger and bigger.
At the end of this tremendous global crisis, the serious and better organised countries will become stronger: the weaker will have a very hard time to survive, specially because of the enormous public debts.
Between the 4th and the 7th of June, 2009, European Parliament Elections will be held.
I sincerely hope voters will forget about their dogmas and vote against the ruling party of ZAPATERO, who has not been able to lead this country by not facing and considering the problems as State problems.
His only concern is to rule AGAINST 50% of the nation, imposing Dogmatic Party Policy and trying to maintain majority by giving the most extreme concessions to the most extreme group of minorities.
The result is a complete chaos, with a country that will fall apart into different geographical pieces, with a “Historical Memory” divided nation, reminding the symptoms of the nineteenthirties pre -Civilian War years.
Sarkozy, the French President called Zapatero “stupid”. No further comment is needed..
Sarkozy, the French President called Zapatero “stupid”. No further comment is needed..
The quote is from Paul Valery:
“Everyone has a right to be stupid; some people just abuse the privilege.”
--© - Jean Paul Bastiaans –2009
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1 comments:
Dear JP,
The actual spanish government is without doubt the worst one since its young democracy.
I am afraid ZP will break all records with unemployment. Thousands of entrepreneurs and companies are experiencing a nightmare and wishing they never ever invested their capital and risked all their properties for their business. The worst thing is that after the crisis one will think about it thousand times before building up new company, the problem will resolve itself: there will be no banks to lend you the money for it.
Best regards,
Alex
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