Take a look at this data. No wonder Spaniards aren't happy with the Euro! The most shocking part is the last item:
waiter's salary in 1999=145,000 pesetas, in 2011=900 euros (150,000 pesetas)!
The cost of living has suddenly sky-rocketed, yet salaries have stayed nearly the same for the past 13 years. Spaniards have been complaining about the Euro for a long time now...but with the economic crisis added on top of everything else, things are looking pretty grim.
The graph or whatever didn't come out. However, I get it. Times are very tough. I can't help but believe that massive regulations here in the US are taking their toll on our recovery. They don't have as much effect when times are good, but they have I truly believe they prevent business formation and success. We will see how long it takes for something to happen.
ReplyDeleteDad