HO DIU ARA EL PRESTIGIÓS "THE ECONOMIST":
Over the past decade Spain has reaped huge benefits from its membership of the single European currency. Easy access to cheap credit and a surge of foreign investment set off an economic boom that has raised the living standards of millions of Spaniards and drawn millions more migrants to its shores. And, as if the country wasn’t already fizzy enough, the national team won the Euro 2008 football championship.
In 2009, however, Spain will experience the downside of euro membership as its economy slides into a stinging recession. Without its own currency, Spain will not be able to devalue its way out of trouble, as it did during its recession in 1993. Nor will it be able to cut interest rates to aid its debt-laden households and businesses. For the most part, all that Spaniards will be able to do is grin and bear it.
In 2009, however, Spain will experience the downside of euro membership as its economy slides into a stinging recession. Without its own currency, Spain will not be able to devalue its way out of trouble, as it did during its recession in 1993. Nor will it be able to cut interest rates to aid its debt-laden households and businesses. For the most part, all that Spaniards will be able to do is grin and bear it.
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..Pero nosaltres ja ho diguerem el passat dia 17 de Juliol en aquest paper d'estrassa virtual:
dins el nostre article 'Crisi energética o financiera?'
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