ALBERT CANO Two years after the onset of the crisis, the Government, the official media, etc., recovery trust building green shoots as San Obama gets us out of the hole. But beyond the propaganda, to take effective measures to get out of the worst crisis since he lived here are no reliable statistics?
Look at the government. If we see more impact decisions ( ‘Plan E’ subsidy for unemployed persons who exhausted their benefits, aid for the purchase of cars), we note that patches are not beyond the next few months. There is widespread feeling that he knows what to do, once he is seizing the engine pulling the rest (the construction). At the same time, we are threatened with higher taxes and they resort to borrowing to meet expenses, while we wait outside to recover and return to vacation here or buy second homes on the coast.
Deferring decisions waiting for better times is not just government work. According to a report of Variant Perception, our bench is dedicated to hide their problems through: a relaxation in the criteria for procuring home loans at risk (sponsored by the Bank of Spain) or the refinancing of loans to builders ghost, with the intention that “things settle down and recover the loans.
If this were a crisis a few months (like the Olympics after 1992), gain time might make sense. But what if the U.S. falls back into recession, as Nouriel Roubini predicts the end of 2010 and can not pull the car? What if investors, in 2010-2011, no longer accept our public debt? What if the housing market takes four to five years to recover, as experts point solvents? What if …?
