Doom And Gloom
Well you guys in Spain appear to have caught the self same fear of the future that is now common place in the UK, let's try to put things in perspective.
We haven't been hit by a Tsunami, folk aren't dropping like flies from the effects of bird flu, all that has happened is that some of us have lost a few bob. None of us could have done anything about it, you couldn't have made up the stupidities that caused this financial melt down, so why worry about it?
My feelings are that the world was getting to be a get rich quick with very little effort place. Folk were using their homes like piggi banks, living on credit and not giving a thought to the future. Well we have had one monumental kick up the arse that hopefully will have the desired effect. The folk that have not been touched by recent events are in for a rude awakening, serial benefit claimants will find that the cupboard is bare and that the rest of us no longer wish to fund their useless existance.
Stock markets are starting to recover and with them we will see private pension funds and investments recover. The pound is so cheap now that it is an absolute bargain, investors will no doubt notice this and start putting their toes into the water. The Euro however is an overpriced Mickey Mouse currency that is in for a rude awakening. A friend of mine who travels the world fly fishing mixes with lots of Germans, he tells me that they object to being given Euro notes that have not been printed in Germany, what should that tell us?
So no more 30 euros p/p meals when we come over, they were fine when they cost under £20.00 but at over £30.00, forget it. The hire car might have to be dispensed with, sometimes the wheels don't turn for a couple of days on the trot anyway. Compound this by every like minded Brit and the top end of the restaurant trade and car hire business is in for a nasty surprise. Spain must go back to the Peseta and price it competitvely, the Euro has become an expensive burden around its neck.