I think we have reached a point of no return. The only way things can be solved ina neat way would be for Greece and Spain to leave the Euro. Either that or face disaster.

Most countries are not doing their homework and just raise tax to be able to pay their incompetent leaders at the end of the month. I haven't seen any policies that are really focused on motivating economic growth. By increasing tax, the only motivation for potential business people, is to retrench and wait until there are better economic prospects.

And that is before the Laffer curve sets in!

Spanish politicians now agree that there seems to be a problem. More and more scandals are popping up left, right and center. They see that their cushy lifestyle and pensions might be affected, or that whatever they do might be a bit too conspicuous compared to the hard working classes.Maybe not, they do not mix if they can avoid it. It's all somebody elses fault though. Mañana will be another day....

They still do not understand that income (credit is not income) is less than expenses.

Politicians in Spain

seem to be completely out of touch with everyday life in Spain. With the highest unemployment rates in Europe, a huge amount of workers on the minimum wage, an ever increasing closure of companies, Spanish people are every time more struggling to earn a living. If these people are taxed even more, the feeling of hopelessness might turn to rage.

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