Wikinvest Wire

The ghost town in Andalusia, Spain

Sunday, February 14, 2010

Bloomberg's Ryan Chilcote reports on the soaring jobless rate in a Spanish boom town turned ghost town and the dim prospects for anything to change anytime soon.


It looks as though the situation in Spain and Portugal will again take a backseat to developments in Greece this week as there seems to be little progress there following last week's show of unity by euro zone leaders. According to this Reuters report, the people of Germany would just as soon see the Greeks get booted from the currency union.

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6 comments:

cow said...

Andalusia's a province, not a town.

Anonymous said...

The Germans have a point. Why should German retirees live in penury so that Greek public employees can live lavishly?

The printing press is robbing fixed income retirees, and the Germans don't want everything they worked their entire lives for to be stolen by the printers.

Anonymous said...

Why should German retirees live in penury so that Greek public employees can live lavishly?
Incredible comment, so americain.
I think than in Europe we are less egocentric, are not bashing public employees in every sentence, have an history of wars wich make as very prudent in intraeuropeans relations, and that many of us go to this beautiful country Greece for holidays.

Anonymous said...

'have an history of wars wich make as very prudent in intraeuropeans relations'

Which is why my great uncle, an American, was shot down and killed during WW2.

Anonymous said...

Andalucia a province? Sorry, wrong again. Andalucia is an AREA (like "New England"). There are several provinces within Andalucia like Malaga or Sevilla or Cadiz. Talk about ignorant Americans leading ignorant Americans....

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