Anyone Living In Spain Or Its Territories....

[Zacs-Master]

Might want to read this. Or those with a Santander mortgage (like me) despite Jeremy Warner's last sentence.
But can someone be trusted who doesn't know the difference between advise and advice?

[Zacs-Master]

Link
http://blogs.telegraph.co.uk/finance/jeremywarner/100024476/spain-is-officially-insolvent-get-your-money-out-while-you-still-can/

[Sqad]

\\\don't advise getting your money out lightly. Indeed, such advise is generally thought grossly irresponsible\\\

LOL...Zac.

But basically what can one do,about it when one is living in Spain? Where would one transfer one's cash?.UK Sterling? UK's economy is moving in the right direction (just) but interest rates are appalling 2% gross if your are lucky. Nobody WANTS your money, particularly the UK where the Bank of England is printing it and flooding the UK with it (Quantitative Easing).

Yes, I agree, Spain is in big trouble.....BUT.....I wouldn't move back to the UK for all the tea in China (just a personal reaction) and my euros will remain in Spain.

[Gromit]

UK Santander is not affected by anything in Spain, it is totally separate.

Daily Telegraph columnists have been predicting the demise of the Euro for many years, and year after year they are completely wrong.

If something proves their bogus theory they lose all sense of objectiveness and write drivel such as this article.

It is scaremongering nonsense.

[Zacs-Master]

Gosh, you mean we can't trust even Telegraph reporters! What's the world coming to? I'm off to write a letter to the.......Oh, hang on a minute.....

[Gromit]

They are not reporters reporting the news, they are columnists writing an opinion. And in this instance (and many others about the Euro) their opinion is wrong.

Another Jeremy Warner 'prediction' in the Telegraph in 2011
// Death of a currency as eurogeddon approaches - the euro really is on its last legs.
http://www.telegraph.co.uk/finance/comment/jeremy-warner/8913884/Death-of-a-currency-as-eurogeddon-approaches.html

Alas, it did not happen as with all the trash Warner, Ambrose and Evans-Pritchard write it was wishful thinking, not intelligent analysis.

[Zacs-Master]

Thankyou for making the distinction clear Gromit. The irony of my OP was perhaps too subtle.

[mikey4444]

Well done gromit !...you have hit the nail on the head.

[jake-the-peg]

Gosh I'm glad I don't live in a country with a budget deficit of 6.9% of GDP like that!



What's ours? 8%

http://www.guardian.co.uk/business/2013/apr/23/budget-deficit-osborne-relief

//Jeremy Warner, assistant editor of The Daily Telegraph, is one of Britain's leading business and economics commentators.//

Shame he doesn't bother his readers with information that might provide a context eh?

Especially when it doesn't suit his argument!