Here's a number for you :-
4,000,000
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......
Thursday, April 30, 2009
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