Will Spain ever fix their economy the way that it is right now? Spain has one of the highest unemployment rates in the world and they are slowly stabilizing their economy through new solutions and taking charge of certain areas they need to fix. Spain have been through a lot of trouble and have asked nearby countries to help them with the pressure that they are going through with the unemployment rate as high as it is right now. Spain are on its way to either destruction or Stabilization and it all depends on one move that they make. The main way the government will fix their economy or their unemployment rate is if they see the needs of the people.
Spain has a corrupted economy and they have had to put their main focus on their unemployment rate so that it gets fixed fast. “Spain has a dual labor market” that is helping them get back on track with their unemployment but that is not helping everyone (Abend). “The destruction of jobs and the growth of the active population” is starting to grow and stabilize, people are now getting to work again and provide for their family so that they can make ends meet (Abend). “The unemployment rate is affecting the young people more than the older people” (Schuman). “The young people are always scared” to enter the work force in the start of any of their jobs (Schuman). This shows that “Spain is lacking jobs and the lack of experience due to unemployment” (Schuman). The young people are not working and don’t know what it is like to work due to the unemployment rate being insanely high. The government of Spain said “Even during the boom years, when everyone was so triumphant, some of us were saying that it’s not just the quantity of jobs that matter, it’s the quality” (Abend). This shows that ...
... middle of paper ...
...hat “Spain is on its way to be back to its regular habits where they are going to have a healthy economy and young people that are now employed, that now have the experience on the work force”. I think that Spain can fix their unemployment rate if they focus on helping the people by creating jobs for them and fix the supply and demand, which is the Import and Export of Spain that helps their economy. Then the government can pay the people and the unemployment rate of Spain and the young people can have jobs and a better life. The only way that Spain is still fighting this crises is because they are getting help from the European Union and from other countries that are nearby to help them sustain. One of the most important things that the government system does is that they always find out the problems that they have in their country and put a stop to that fast.
Argentinian have some components known in Poland: stabilization of money , liberalization of foreign trade , the removal of barriers to foreign capital , the privatization of the state sector , the removal of detailed state interference . Busting the Argentine economy based on the same assumptions of the model , which present the Polish economy , is thus for Poland a serious warning . Without being hysterical , polish people need to carefully consider whether the current crisis of state finances in Poland is not the first symptom of impending disaster . Indicates are same as in Argentina, for example the level of unemployment – According to UC Atlas of Global Inequality 20% in December 2001 .
Firstly, the Euro debt crisis is supposed to be the most direct trigger for the recession and bring Euro with severe challenges. The Euro-zone crisis results from a combination of complex factors. Prokopijević(2010)argues that “Fiscal discipline in the euro zone was weak from its creation in 1999, but ongoing economic prosperity limited the damage.”It is not until Greek government revealed its unreal budget data in late 2009 that the euro sovereign debt crisis has been fully aware of. Every member states in euro zone is involved in this debt crisis for being in the same Economic and Monetary Union(EMU) and using the same currency, which indicates that an individual country in euro zone is essentially forfeiting its right to determine how much its currency is worth.(Nowak& Shachmurove,2012)The debt crisis in Greece brings confidential crisis not only to the countries like Greece, Italy and S...
The outlook on Spain's economy is a positive one, it will take time for the economy to be back up on its feet. If it were up to me i would start with Spains healthcare then move on to education. If we can improve these two areas we can slowly move on to the unemployment rate. Spain has a strong trade relationship with other countries, so it will make things easier to improve. If these steps are taken then Spain can overcome the downturn in the economy
One advocate of this view is Daniel Lacalle. He is a frequent contributor to such media as CNBC, Hedgeye, Wall Street Journal, El Español, A3 Media and 13TV. He has an international certificate of investment analyst CIIA and has a master's degree in Economic Research and IESE. In the article by Daniel Lacalle, “Catalonia Independence is Bad Business”, he has a firm stance towards the secession being negative and discusses the economical issues that may arise. Near the start of the article, he refers to the argument made by Catalan separatists and I took notice of him claiming “The economic figures show that Catalonia is suffering…from a bloated administration and unnecessary spending” (Lacalle, Daniel). Despite him stating that evidence supports the idea that Catalonia is suffering from a financial crisis, he does not list the actual proof by his claim or state where this evidence has come from, causing one to question the validity of the assertions that he makes. Another weakness of his argument appears when he interprets the words spoken by the Catalan government in a negative and one-sided way. As stated by them, “there would be no disruption for the financial community in the eventual scenario that Catalonia would become Independent as the Spanish Treasury would be the main creditor” (Lacalle, Daniel). Lacalle describes this statement as being read “…negatively any way one wants to look at it” (Lacalle, Daniel). By saying this, Lacalle disregards other viewpoints or interpretations of the statement, evoking a sense of close mindedness, weakening his argument. On the other hand, Lacalle’s article also has multiple strengths. For one, he has contributed towards multiple media outlets, suggesting that he has high credibility, and has graduated with a master’s degree in Economic Research, indicating that he is qualified to
In the US it is very common to still hear of the poor way African Americans were treated in the early part of this nations History. We hear stories of black slaves working 18 hour days picking cotton and the trauma of slaves being beaten for disobeying their masters. For many African American families, it seems, that was the way of life not long ago. While it is very important to realize what these African Americans went through, I think it is often forgotten that indigenous people of Latin America were exploited in similar ways but through different Labor Systems.
The question has been around for many generations, are the two key elements to evaluating a whole economy closely related? Many have studied this topic and all have come out with various results and views as to what they feel defines a relationship between the two. After evaluating the subject, the points will be defined on what may or may not link the two together. Do inflation and unemployment work hand in hand? The results characterize these two as working with one another.
The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent the occurrence of such a crisis in future. Unemployment has hit the service sector harder than other sectors with the following being the most affected: automotive, construction, tourism, finance and real estate. The global financial crisis has also increased consumer prices thus pushing inflation. According to McCathie, “the increase in July consumer prices to 1.7 per cent pushed inflation in the currency bloc up towards the European Central Bank’s target of keeping inflation at below, but close to 2 per cent. Eurozone consumer prices had stood at 1.4 per cent in June” (McCathie, 2010).
The Sovereign debt crisis in Europe spread mostly across eurozone periphery countries of the Mediterranean and Ireland right after the explosion of the housing bubble in the US, which lead to the subprime crisis. While there was a feeling that Europe would not be hit by the financial crisis, soon markets started to worry about the sustainability of eurozone countries’ debt. These worries were amplified by different factors depending on the country: for Greece it was their constantly growing debt, for Spain it was the burst of the housing market on which its economy was heavily dependant, and in Ireland it was both the burst of the real estate bubble and the global financial crisis. These three examples bring us already some hints about what were the principal causes of the Sovereign debt crisis in the Euro area. This essay will look at some of those causes in order to discuss later what possible measures should be undertaken.
This paper provides an overview of the crisis, outlines the major causes of the crisis, examine alternative solutions to the problem
The Greek economy has seen a large collapse following the recent worldwide recession. The European Union has expressed concerns for the impact that Greece’s economic collapse will negatively affect other member nations. Greece and the European Union are working to reduce the Greek deficit and to contain the economic crisis to Greece.
This article, published in Bloomberg, talks about the rise of unemployment in Spain in the final quarter of 2012, caused by the government’s “deepest budget cut in the country’s democratic history.” Statistics shows us that the number of unemployed people rose from 25.01 percent to 26.02 percent, which represents about 6 million people, in the time period of three months. With the unemployment rate increasing by 1.01 percent, it “has lead Spain to become the third of the euro region’s which unemployed”. The unemployment rate can be defined as the number of people unemployed as a percentage of the labour force. Such an increase can have major consequences on the spanish economy, such as a loss of output, increased benefit spending and social problems.
The Greek crisis is a result of an accumulation of dire policy mistakes. It all began when the previous Greek governments decided not to reveal their debts and deficits in order to fulfill the necessary requirements for the membership of the Eurozone. Furthermore, the government consisted of mass tax evasion as well as corruption. In 2009, the newly elected Greek government decided to expose the real debt and deficits’ figures, which brought much speculative waves regarding the economy. At the moment (since 2010) a number of organizations and countries are providing the Greek state with assistance in regards to alleviating their government debt. International organizations, such as the International Monetary Fund and the European Governing body, the European Union, are undergoing a set of policies designed to assist Greece in its debt crisis. One of the main supporters of the Greek economy is German...
In every work place you will find employees who are happy with what they do and employees who are just there to complain and collect a paycheck. My topic for this discussion will cover job dissatisfaction.
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
It’s hard to live a normal healthy life without a job and money. There are a variety of reasons why people are unemployed. Being unemployed can cause one to experience financial, emotional, and personal problems.