Spanish banks bailout

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frank
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Re: Spanish banks bailout

Postby frank » Tue May 29, 2012 11:39 am

El Cid wrote: They reckon they can raise €30bn from privatisations.
Sid
Needs must, I guess, but let's hope they don't! :D They'll end up like UK otherwise, with water, electricity, gas etc in private hands, being held to ransom by private companies, probably from Germany and France. Or China! :thumbdown:
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olive
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Re: Spanish banks bailout

Postby olive » Tue May 29, 2012 11:49 am

Bad time to be selling state assets. Good time to be buying them.

Greece, Italy, Spain. I bet the Germans can't wait.

frank
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Re: Spanish banks bailout

Postby frank » Tue May 29, 2012 12:23 pm

olive wrote:Bad time to be selling state assets. Good time to be buying them.
Indeed, they'll all know Spain could be desperate to offload, could be some bargains about. :thumbup: Perhaps some of the UK utility companies could step in and buy some, but that would mean Germany and France etc anyway! :lolno:
Regards, Frank

No soy residente, simplemente un turista, ¿qué sé yo?

El Cid
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Re: Spanish banks bailout

Postby El Cid » Tue May 29, 2012 12:55 pm

frank wrote:
They'll end up like UK otherwise, with water, electricity, gas etc in private hands, :
I thought the utilities were already privatised.

Sid

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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 1:03 pm

We still pay our water bills in Spain to the local town hall Sid..........don't know whether it's privatised but it doesn't seem like.
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El Cid
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Re: Spanish banks bailout

Postby El Cid » Tue May 29, 2012 1:50 pm

Our water comes from a private company and our electricity from Iberdrola which is a private company.

Repsol was privatised over 20 years ago.

Sid

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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 1:55 pm

Sid, I forget now but are you on mains?
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El Cid
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Re: Spanish banks bailout

Postby El Cid » Tue May 29, 2012 1:58 pm

No we are not.

The major cities in Spain are served by public water companies but 50% of the total population are served by private companies. Many of the municipal supplies are provided by private concessions.

Barcelona's water, being the exception as it comes from a private company.

Sid

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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 2:01 pm

Ah ok, it's just that when we ever get a leak on the contador or somewhere else on the mains it's town hall staff who look after and repair it, and as I say payment of bills go to town hall too.
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katy
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Re: Spanish banks bailout

Postby katy » Tue May 29, 2012 2:54 pm

Well Bankias subsidary now needs X amount of billions :roll: Saw this in the Telegraph, how can this Ponzi scheme work :shock:

Spain's banks -- including Bankia -- have been propping up the state with €316bn borrowed from the European Central Bank. Now the state is propping up banks. The incestuous nexus is surreal.

Free at Last
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Re: Spanish banks bailout

Postby Free at Last » Tue May 29, 2012 3:41 pm

frank wrote:
Rafiki, I don't live in Spain, but have been visiting for well over 25 years, and I read the Spanish press most days, watch some of the factual TV programmes, so am fairly well up to speed on what is happening there. The problem is most Brits don't, or if they do, prefer to deny it exists. As you say, it's total madness, the list of vanity products is endless, from "ghost airports", to motorways going nowhere, trains with nobody on them, the Arts and Science Park in Valencia, the £44m Niemeyer Centre en Avilés closed, etc. Watch the series "El Follonero" with Jordi Évole, they're all online, watch him expose the huge waste of money in Spain, it's an eye opener.
http://www.lasexta.com/lasextaon/salvados
Frank, please consider your typical response to any comments posted in this forum about media reports showing the UK in an unfavourable light, be they about weather, crime, social unrest, poor public services or whatever. The poster's finger has barely hit the submit button before you are along to tell us that it's nothing like that where you live, nothing bad ever happens where you live, nothing like that has ever happened to you or anyone you know - ergo, if the bad things that happen don't impact on your daily life, which they may very well not do, then they don't matter to you. If that's your own take on things, you really can't be surprised or sniffy that the vast majority of Brits living in Spain (some of whom assuredly do read Spanish newspapers and watch Spanish TV) might be aware that this stuff goes on, but as it makes not a whit of difference to them personally, they don't get too het up about it and get on with enjoying their lives.

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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 3:55 pm

Stunning rant!! just got back from the Buddhist Stupa? :lol:
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Free at Last
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Re: Spanish banks bailout

Postby Free at Last » Tue May 29, 2012 4:18 pm

Devils Advocate wrote:Stunning rant!! just got back from the Buddhist Stupa? :lol:
I think you are confusing me with another poster, the peace of the Buddhist Stupa has remained untroubled by me and is likely to continue to be so, given the difficulties of getting there according to the intrepid souls who have made it thus far!

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IreneD
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Re: Spanish banks bailout

Postby IreneD » Tue May 29, 2012 4:27 pm

:clap: Free at Last, I must say I have noticed that about Frank's posts, too.

DA - you are very BAD!! You need a visit to the stupa, I'll take you myself :wink:

Irene the Intrepid

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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 4:39 pm

We've Spanish mates in Trapiche Irene, right next to the old railway station house. Must have a look at this track now, I'm intrigued,I reckon It'll be like an Autobahn compared to ours :lol:
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Re: Spanish banks bailout

Postby Devils Advocate » Tue May 29, 2012 4:41 pm

PS I've done the Drunken one but not the Buddhist one whilst we've been over there on hols :mrgreen:
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knowal
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Re: Spanish banks bailout

Postby knowal » Tue May 29, 2012 4:45 pm

If the original banking crisis had been dealt with differently, we could have been over it by now.
The banks should have been allowed to fail.
Bankia should also be allowed to fail. Then we wouldn't be propping up bank executives who are still milking the system for millions, whilst the rest of the populace have to endure austerity measures.
Governments should not rescue private companies. There is no such thing as "too big to fail".

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IreneD
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Re: Spanish banks bailout

Postby IreneD » Tue May 29, 2012 4:47 pm

*evil grin* Yes, do try it, DA, I'm sure a man of your calibre will find it a doddle

Image

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gerryh
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Re: Spanish banks bailout

Postby gerryh » Tue May 29, 2012 5:46 pm

IreneD wrote:*evil grin* Yes, do try it, DA, I'm sure a man of your calibre will find it a doddle
I hope you aren't suggesting that DA tries it in his caterham?
Don't think it would make it. :twisted: :twisted:
Cheers
Gerry
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katy
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Re: Spanish banks bailout

Postby katy » Tue May 29, 2012 6:17 pm

IreneD wrote::clap: Free at Last, I must say I have noticed that about Frank's posts, too.
There you go again stepping in when there is a slight wobbly. Were you by any chance one of those knitters watching the heads roll during the Terror in a previous life :lol:


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