Socialism Fails Again User ID: 842983 United States 11/19/2011 09:15 PM Report Abusive Post Report Copyright Violation | Spanish Socialists, who led Spain from boom to bust in seven years in power expected to be thrown out! Someone should tell the Socialists in America that Socialism does not work. Never has and never will. Spanish voters go to the polls today in the midst of the eurozone debt crisis with polls suggesting they will oust the ruling Socialist party. Unemployment stands at over 21%, the highest in the European Union, growth has stagnated and the collapse of the housing market has exposed worrying levels of private debt. To make matters worse, the sovereign debt crisis in the eurozone has made it even more expensive for the Spanish government to raise money, with interest rates nearing the 7% barrier on 10-year government bonds. [ link to news.sky.com] |
captfishsticks User ID: 56925 United States 11/19/2011 09:18 PM Report Abusive Post Report Copyright Violation | Re: Spanish Socialists, who led Spain from boom to bust in seven years in power expected to be thrown out! ...Si Se puede... |