Until yesterday, I really didn't have much interest about the problems of the PIIGS ( :wary2: ), but then I came across some impressive numbers about the rescue of Greece, and the financial problems in Italy and Spain.
In the last financial crisis of Mexico in 1994, there was a bailout of 54,000 million, and that to a country with already more than 100 million inhabitants.
If what I read is truth, more than 280,000 million have already evaporated trying to help the Greeks (or the banks behind the crisis?), ... and that, for that tiny little country with not a large population. We still have not see in what is it going to end.
My sencere sympathies to the Greek people, to which we Latin Americans identify with classical greatness and the inception of the Western Civilization (that we appreciate, even as some of us choose to consider ourselves not westen).
We see with disgust how the corporate European (mostly German) media speak vitriol and unfairness about the character of this great people, blaming them for what is clearly a poor designed system that didn't took into account many things about long term competitiveness. My sincere sympathies, and we know that sooner or later, better times will shine for them.
When we add to that, what is happening in Italy or Spain, I cannot but hope (I am not the only one) that the whole thing is not going to end in vulgar faschism.
That's what Hispanic American governments dream of, getting European migrants so they can become less native and more western, but that won't happen ever again. Last significant wave of Spanish migrants to the Americas happened after the Civil war, and it was mostly due to political reasons, not economic. If Spaniards have the necessity to migrate they will choose their European neighbors like they did in the 60s, not third world countries whose economic performance is so erratic. Also if I am not mistaken even for developing countries standards the situation of Hispanic America is not that good. For example Venezuela and Argentina are among the countries with highest bankrupcy risk. So don't worry, you are safe from Spanish migrants.
I thought that Asia and Latin America were leading World Growth in 2011... but what I know. How could my infinite ignorance compare with that of his Eminence, Mr. Franco.
https://www.un.org/en/development/desa/policy/wesp/wesp_current/2011wespupdate_pr_en.pdf
Altough, it is true that sometimes we go up, and sometimes we go down. Such is life.
About Venezuela I will not speak right know. Deserves its own thread.
Argentina, despite all the lies and bad press in conservative Europa against Cristina Kirchner, attained this year impressive economic growth, and Cristina was elected again by landslide.
P.S. : if this forum is about Europe why do they allow monkeys from banana republics whose only goal is to disrupt?
Mr. Franco...
The truth is that Spain is in very bad shape. I know decent Spaniards (yes, they do exist!!) from other forums, that have no problem to admit something is working very wrong: The youth is desperate, because they know that with the current policies, they have no future. Spain has lost a substancial part of its middle class in the last decades.
Now, finally, the mask is going to fall, and we will see what unhappy reality it hides behind.
Of course, Spaniards like yourself feel deeply offended seeing that Latin Americans (scum of earth?) do even dare to show the face around here.
I will say that many more Spaniards should be worried and deal with some umplesant and urgent realities, instead of suffering about the unkindness of Hollywood for presenting them as some kind of sub-species of Mexicans.
In some regard Kanek is right: We do not know if Spain is going to remain in the EU... or even if the EU will survive in its present form.
It is not the fault of Mexicans, don't you think?
Regards.