What makes them PIIGS? | 52 comments (52 topical, 0 editorial, 0 hidden)

Re: What makes them PIIGS? (4.00 / 3)

I hinted at this in my last log entry. Note though that Spain has been investing heavily on high speed rail in recent times, what the seems to be lacking in their case is the proper interconnection with France (the Pyrenees are cooperating on that matter).

Just by coincidence, the Spanish government announced yesterday a plan to invest 12 billion euros on railroads:

Spain unveils 17 bln euro infrastructure roadmap
MADRID, April 7 (Reuters) - Spain unveiled a 17 billion euro ($22.7 billion) infrastructure spending plan on Wednesday, looking to attract private investment to boost its construction sector as it struggles with high unemployment and a huge budget deficit.
The government said 20 percent of the funds would come from the private sector and 80 percent from the Instituto de Credito Oficial (ICO), the European Investment Bank (EIB) and commercial banks.
Spain's largest public-private initiative ever will help maintain public works tenders without the government spending a cent as it cuts spending after its public deficit reached 11.2 percent of gross domestic product (GDP) in 2009.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Thu Apr 8th, 2010 at 10:15:05 AM EST
[ Parent ]

Re: What makes them PIIGS? (4.00 / 2)

Spain hopes electric cars will help jump start future - Cars : europa, europe | euronews
Spain is revving up its green credentials with a plan to encourage electric cars. It wants to see a quarter of a million of them on its roads by 2014, investing 590 million euros in public funds.
Lower off-peak power rates and recharging points in homes, car parks and motorways are on the cards.
...
The socialist government has announced a 20 percent subsidy for electric car purchases, with a 6,000 euro ceiling. The prime minister unveiled the plan within the context of the economic crisis. Spain is one of the EU countries hardest hit.
by Fran

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Thu Apr 8th, 2010 at 10:40:14 AM EST
[ Parent ]

Re: What makes them PIIGS? (4.00 / 4)

As they have been presented by the auto-industry, electric cars do no look like an alternative at all. With two bananas on my pack pockets and 2 litres of water I have longer range on my bike. The figures given for the new Renault Leaf are simply hilarious.

But that's a story for another time.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Thu Apr 8th, 2010 at 12:15:02 PM EST
[ Parent ]

What makes them PIIGS? | 52 comments (52 topical, 0 editorial, 0 hidden)

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