Financial Crisis
>> Friday, 9 December 2011
I wonder if we will ever hear good news again about finances. Not so many years ago, when the financial crisis affecting Argentina was in the news every day, we never thought that something like that could happen in our country whatsoever. Nowadays, the Spanish banks do not pass the European Banking Authority stress tests and most of them are in need, they say, of recapitalization. This is just to give an example of what is said these days; I don't have enough knowledge in economics to provide further data (and too many people feels as ignorant as me in this issue). I guess I have to continue to do as always: not stop buying, keep reading dealfun.com scam articles, hire fixed-term deposits, etc., if I want to do something on a small scale for the system not to collapse. Now that I write it down, though, it sounds childish. Is there anything we can actually do to support economy through our consumption patterns, or our dealings with banks? The worst thing is, I imagine our political representatives feel the same way as us. This is what we get — let me say “I guess” once more — for having adopted the euro about ten years ago, when prices rose exorbitantly taking advantage of the confusing currency exchange, without protesting.



3 comments:
Money is such a nuisance, Josep. Yes, just keep on doing what you're doing. That's always best.
money unfortunately is a necessary evil.
I guess it's best that my years are drawing to a close. I just hope, to hell, that social security, to which I've contributed all my working life, lasts as long as I do. I don't envy you "youngsters" - and I speak of my three sons as well.
Post a Comment