Archive for November, 2013

November 30, 2013

The manifest failure of Eurozone austerity. Government deficits in Spain, Ireland, Greece, Portugal and the UK

Real-World Economics Review Blog

According to Elstat,the turnover index in retail trade at current prices, excluding automotive fuel, recorded a decrease of 14.4% in July 2013 compared with July 2012. The Index in July 2012 recorded a decrease of 8.5% compared with July 2011“. For Spain, the comparable data for August 2013 and 2012 are -4,5% and -4,9%. Comparable declines took place in 2011 and 2010. One expects that, once, things will bottom out but it is not happening yet, more than five years after the beginning of the crisis, at least not in these countries. This also shows in data on government deficits. Despite sizeable cuts in expenditure in especially Greece the deficits are not shrinking as decreasing expenditure (government, non-financial companies, households) leads to lower incomes and lower tax receipts, despite all kinds of tax increases.(see graph, four period average of government deficits, % of GDP, Eurostat data, 2005Q4-2013Q1)).

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November 21, 2013

Killing British Citizens and other things you can learn at Spanish schools

   The barbarism inside the Spanish Regime seems to have no limits. Check out this video about a theatre play in a school in Zaragoza (Spain) where pupils perform a simulated invasion of Gibraltar, killing all men, women and children they found on their way…real creepy stuff where you can see children performing as “guardia civiles” (one of the military corps that supported General Franco in his 40 years of terror) killing innocent people for fun under the supervision of their teachers.

November 7, 2013

No human rights for basque dissidents

   Many youth leaders and basque elected representatives have alleged been spied by the spanish Army.They complain of police harassment and surveillance of political activities after showing proofs of these accusations, including cameras and microphones found in several locations of youth and student organizations.

spanish police spies basque dissidents