Monday, August 27, 2012

The sad state of Spain - WSJ.com

Video - Fed Up With the Euro? Start Your Own Currency - WSJ.com

The free socialist lunch is over; but, do the people realize what has been dragging the economy down? Clearly in the US Obama doesn't. He's accelerating the policies that drive business away. From this article, there is little evidence that Spanish government policies or people realize it is their choice to change their social and economic (read: this includes VAT taxes and other high taxes as well as job protections); but, can they even imagine such changes.

A quote from the above highlights the problem, "They were the first Spaniards to enjoy the fruits of a strong welfare state that included universal health care, accessible higher education and generous worker protections". There is no free lunch but it's nice to believe there is or that someone else will pick up your bill.

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