
The reality behind: all makeup and papier maché
A year ago I was writing about the
possible future of the European Union, starting with Greece’s bailout and ending with a prediction of what could be happening in Spain.
I depicted an hypothetic dark future for the country, developing in autumn 2010. Well, autumn passed, and so did winter, and now spring came… and the possible scenario went worse than advised.
After Greece, Ireland was bailed out, and within past two weeks, Portugal has been on the edge, falling out yesterday, at last.
All sources tell that Spain is different. That Spain won’t need any bailout, because is doing the homework. Let me explain that homework.
Unemployment rates hiked up 0.8% in march, to reach more than 4.3 million. The highest record, doubling since the start of the financial crisis back in late 2007-2008.
The rating of Spanish debt became so awful that only its issuer, this is the Government of Spain, wants to buy it. And indeed bought it! Using 80% of the money for, allegedly, paying worker’s future retirements. That’s a nice ponzi scheme, isn’t it?
Spanish baking system was bailed out back in late 2008. Construction sector, the top responsible for the enormous burst, has been also bailed out. Now, the banks are asking more money, and it will be granted.
And all of this will be paid (is intended to be) with tax-money…
Spanish government, circumventing the Parliament, passed the Sustainable Economy Bill, thus opening the door for internet monitoring and arbitrary disconnection of users, in order to fight piracy. It also passed the Law on equal treatment and Non Discrimination and some other totalitarian crap. This made the Spanish blogosphere boiling and there are some campaigns asking “Do not vote them”, mentioning corruption on political parties, etc…
After all this, Spanish PM, Mr Zapatero, told the world he won’t be racing for re-election, but he stays until finishing his term next year. Next candidate (which will be elected in a primaries), will not be responsible at all for any of this turmoil and crapping out of the country, and all will be fine to start a new propaganda campaign for 2012.
The other major party, Popular Party, sees how the polls gives them almost absolute majority.
Both parties started to agree self-assuring policies: Spamish MP can retire after 7 years’ service at the parliament, getting 100% of their retirement monies (casual workers have to retire at 67, after at least 20 years of work, and it’s not clear they will perceive anything due to the ponzi scheme depicted above).
Spain’s local councils will be elected next May 22nd. Both parties agreed not to talk about the other party corruption issues, despite (or shoud I say ‘because’?) both parties are presenting corrupt candidates, many of them under current trial processes, to this election.
All of this makes anyone to be, at least, suspicious about the predictions of Spanish Finance Minister and/or government, the same whom years ago said that “there was absolutely nothing named ‘financial crisis’ or anything alike”, the same whom dared to say that Spain was out of that inexistent crisis because they fore-casted the GDP to rise 0.1%… and after all went down again. The same whom were talking about achieving an employment rate of 100%, but only achieved an unemployment rate of 20%…
Spain is different indeed. And as it happened with Greece, Ireland and Portugal, three countries which did not needed any bailout at all whatsoever, they all requested it at the end. And so it will happen with Spain. The later, the worse.
