Will Spain’s economics go down the drain?

So we have a new government. Now everything will improve in Spain?

Will the real estate and property market refuse and prices finally stabilize or will they drop further? Nobody knows and nobody buys.

What about the unemployment rate? Will there be an improvement or will we see an even worsening? Does the youth have a future in Spain?

The EU and the world are worried about the Spanish economics in relevance to the Greek crisis.

Will Spain go down the drain?

 

Mike

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2 Responses to Will Spain’s economics go down the drain?

  1. Let's see what happens after Spain increases the income tax from 18% to 21% as of tomorrow the 1st October 2012.

    Is it really clever to increase taxes when the economy is down and the people don't have money to spend anyway? Wouldn't it make more sense to have taxes up when economics are going great as well? Then you could lower taxes in "less good times" and animate people to spend money that way. Never mind, just a thought.

  2. Pedy says:

    Looks like the new government doesn't really have a clue of what to do better than the prior one. The crisis has caught up on Spain as well as the rest of the European Union. Except for Germany every other country within the European Union is suffering from the Euro crisis. Even the Euro has dropped to 1.25$ Dollar. Doesn't look to good for Spain's economy nor the rest of the EU.

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