Sunday, May 30, 2010

Rajoy promises a miracle cure

Somehow returning to the policies of 1996 is going to save the Spanish economy.

What exactly is the plan then? Create another real estate bubble?

I suppose the idea is that instead of freezing pensions, we should go and reduce everyone’s wages instead. Exactly how lower wages for everyone are going to translate into paying for higher pensions for people that aren’t working isn’t really explained.

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