Spain's plan to boost industry

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8203222...

What Spain needs is less debt funded foolishness and more down to earth commitment.

On the constructive side, Spain should reduce tax on business (most business is either closing, or relocating elsewhere). Most youngsters want to be civil servants ( not the normal european civil servant, but the arrogant lazy and incompetent type who have armoured their contracts so that it's virtually impossible to get rid of them. Most politicians are civil servants, and most spanish families have civil servants in their families). That is still an inheritance from the dictatorship that has to change.

The other big problem in Spain is the lack of honesty and seriousness. In order to feed the wage hungry civil servant society, inspectors ravage small businesses. Each inspector has his own point of view, mainly at the expense of business. Fines can be applied for things done under different laws.

Tax has to be paid before invoices have been settled, and many more things that unless changed, Spain is just getting into more and more debt. And there is less and less business to tax, and an ever growing army civil servants.

Where Spain is heading is quite obvious. It's just a matter of time, unless there is a radical change NOW.