Economic Position in Andalucia

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tijeretamiel

Posts: 441
Joined: Jan. 6 2012

Economic Position in Andalucia

I came across this article,

http://www.theguardian.com/business/2015/dec/14/spain-energy-giant-abengoa-collapse-predicted-by-17-year-old

The company seems to have most of their employees based in Andalucia (7,000) which is already one of the areas struggling the most.

Seems pretty sad.

REPORT THIS POST AS INAPPROPRIATE | Date Dec. 14 2015 15:04:28

Dudnote

Posts: 1805
Joined: Nov. 13 2007

RE: Economic Position in Andalucia (in reply to tijeretamiel)

They tried turning their -ve debts into +ve ones - and like magic they go from making a loss to making a profit and even a school kid can catch them out.

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REPORT THIS POST AS INAPPROPRIATE | Date Dec. 15 2015 1:15:14

Escribano

Posts: 6415
Joined: Jul. 6 2003
From: England, living in Italy

RE: Economic Position in Andalucia (in reply to tijeretamiel)

Another casualty of the recession - accounting manipulation over the withdrawal of clean energy subsidies.

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REPORT THIS POST AS INAPPROPRIATE | Date Dec. 15 2015 8:46:39

tele

Posts: 1464
Joined: Aug. 17 2012

RE: Economic Position in Andalucia (in reply to tijeretamiel)

Just like everywhere, it's the corruption that's causing the problems and I'm afraid no one wants or can do anything about it in spain.

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REPORT THIS POST AS INAPPROPRIATE | Date Dec. 18 2015 16:01:09

Ruphus

Posts: 3782
Joined: Nov. 18 2010

RE: Economic Position in Andalucia (in reply to tijeretamiel)

No one could even ~ 12 years ago with reports on blatant pocketing of EU subsidies, meant for public real estate development, by majors, provincial heads and their chaps.
It was a literal dorado.
And even with amounts and names mentioned in the papers the crooks would remain untouched and in for further legislatures. (For who was to be going after them without being disposed themselves.)
Brussel´s actual conduct of embezzlement has largely contributed to the economical drop of average Joe in Central Europe.

Many in Spain formerly either owner of own estate or of greatly down-paid homes now are left as poor. And it looks as if lots of apartment projects on behalf of which the EU drain was entertained will remain vacancy until the weather will have worn them down, instead of arranging for the looted people to rent in there and help maintaining for low price.

Similar to 50% of food being destroyed rather than delivered at discount to people in need.
Capitalism and mafia at its principle.

Ruphus

REPORT THIS POST AS INAPPROPRIATE | Date Dec. 18 2015 19:14:18