Spain 2010: The New European Problem? Ramon Tremosa-i-Balcells. Catalan MEP, ALDE Group Spain 2010: The Next European Problem? Ramon Tremosa-i-Balcells.

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Spain 2010: The New European Problem? Ramon Tremosa-i-Balcells. Catalan MEP, ALDE Group Spain 2010: The Next European Problem? Ramon Tremosa-i-Balcells. Catalan MEP, ALDE Group Ciudad Real airport: built in the middle of the Spanish “meseta”, has generated an enormous deficit which has originated the intervention of Caja Castilla La Mancha by the Central Bank of Spain (€6.000 millions). This airport is the only Spanish airport with high speed train (AVE)… it is one of the best examples of the Spanish real state bubble.

Spain: following the Japanese deflation steps?

Spanish fiscal deficit (monthly budget deficit evolution in millions euros)

Provisións De La Comissió Europea (novembre 2009) 2009 – PIB -3,7%: Defict Fiscal -11,2%: Atur, 17.9% 2010 – PIB -0,8%: Defict Fiscal – 10,1%: Atur, 20% 2011 – PIB +1%: Defict Fiscal -9,3%: Atur, 20,5% European Comission forecast

The Aftermath of Financial Crises – Carmen Reinhart and Kenneth Rogoff It won´t be the case of Spain!!

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