Thursday, April 30, 2009


Here's a number for you :-


4 million

that's unemployed people in Spain, a country with a population of only 40 million, compared to the UK's 61 million

10% of the population

17% of the working population

Take out the little kids and the old ladies in black, and the old boys drinking in the ventas, and you have roughly one in six Spaniards without a job

So the working population is now supporting the kids, oldies, and a growing unemployed population

The government is collecting bugger all from property taxes, after creaming it for years

Income tax paid by workers will be declining

VAT on goods and services will decline as people have less to spend

Oh, and tourist numbers are expected to be down

I'm not sure how and when they are going to get out of this situation......

No comments: