Sunday, August 9, 2015

3 CHEERS FOR AUSTERITY, OR....

...you know you're in trouble when...

5 comments:

  1. I think I'll lean towards the latter. There was no mention in the article of a jump in Spain's exports, and an economy that relies heavily on tourism and "cheap imported power" is hardly a model of stability.

    ReplyDelete
    Replies
    1. Yes my thoughts too. The first thing that dries up when economies got to hell is spending on things like vacations and meals.

      Delete
  2. Most European countries will be basket cases once there is no money to spend on travelling.

    ReplyDelete
  3. Another highly leveraged, socialist basket case "cured' with a few months of austerity. It's a miracle!

    ReplyDelete
  4. Holding Spain up as an economic success is like holding Justin up as an intelectual heavyweight.

    ReplyDelete