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Viser innlegg med etiketten credit crunch. Vis alle innlegg

12. juli 2011

The State We're In

In conjunction with yesterday's news about the emerging crisis in Italy – and thus the Eurozone – one of the readers neatly sums up the financial crisis in one of the comments of this Guardian piece:

1. Governments spend too much.
2. People lend money to them that they can't pay back.
3. Taxpayers foot the bill.
4. See (1)

13. juni 2010

Y Viva Espana!

Spanish strikes apparently are different from French ones, where things actually do come to a standstill or at least makes travel extremely difficult for anyone needing to get from A to B, often having to rely on means of transportation that take ages to arrive. If at all.

In Spain they seem to react differntly to battlecries from the union leaders. As part of the austerity measures belatedly imposed by the Spanish government earlier this month, the unions tried to stir workers into action. Only it failed, if this report is to be believed:

«Madrid’s regional government, which runs schools and hospitals, said only 8% of workers stayed away. That is less than half those who call in sick, or find other reasons not to work, on a normal day.»

Hm, makes one think, maybe if they impose even more austerity then everyone will eventually show up for work? Cherish the thought!