On Spain looking down the tunnel, is that the exit or just a train coming?

I am sorry, I know I am a voluntary expat, but Spain is just the land of the joke. Yesterday three things happened that made me corroborate as a right idea leaving the Peninsula.

1. The financial health
The FT informs us that “Spain acts to help lenders”. Is this the same Spain that a few weeks ago was still bragging about the soundness of her financial system? The same Spain that was so proud that the rest of Europe was turning towards the “Spanish way” of dealing with bank reserves? (all coming from the Banesto/Mario Conde disaster of the early 90s). And I am still watching Banco Santander with a pinch of salt…

2. The moral and legal health
On a different note, again the FT tell us of how to do business in Spain. As a Dubai friend told me once, if you are not from Dubai [Spain], don’t try to do business without a local in Dubai [Spain]. And if you do, you will probably get ripped off and the court will not rule in your favour.

Anyway, the story is that of César Alierta, the chairman of Telefónica, the telecom monopoly (let’s call things what they are) that skins Spaniards alive with the most expensive mobile, landline and internet prices of any Western country (claim denied by the Spanish government, though). This fella, just set up a company to oversee his insider trader deals. In the best interest of the few, the court just cleared him of accusations of insider trading because “too much time had elapsed between the alleged offence and the start of judicial proceedings”.

3. The job market health
We heard drums of record unemployment in Spain (near 20% doubling the rate 12 months ago and near my own prediction of 22-25%). Also that the heat wave has brought American cockroaches to Barcelona. Inspired by G.W. Bush, I decided to launch a preventive attack on the little fellas and spent this morning ringing insect exterminators for my flat in El Born.

Conclusions:

a) Unemployment in Spain is partly out of laziness or deeply stupid laws and regulations. I only found two companies who worked on weekends but none did on Sunday. With unemployment over the roof, one would think that the government would relax the law and that people would be willing to work whenever.

b) The country is a rip-off. For a Roach Killer Gel I can get in a drugstore in USA for $6, they wanted €80-180 including spraying (and a 6-month guarantee when the gel producers promise 12 months).

c) All the companies I contacted quoted me the cost of the roach-raid with and without VAT, for my convenience. “In any case”, one lady told me without even thinking I might be a tax inspector, “you will get your 6 month guarantee”.

Sunlight might be the best of disinfectants, but surely rottens your spirit.

.calvin

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Ciutat Vella o el gobierno de la hosteleria

Estimado Hobbes,

Siguiendo tu consejo de invertir en ladrillo, hace un par de veranos compramos un piso en Ciutat Vella, en Barcelona.

Aceptando la realidad con la que nos encontraremos a la hora de jubilarnos los que somos menores de 50 años (o de 60 si la cosa sigue así), léase, ni pensiones ni ayudas de ningún tipo cuando lleguemos a nuestra anciana edad, y con la intención de llegar a ser un individuo soberano, inversión en ladrillo en una zona turística en una capital internacional, parece y parecía lo correcto.

El problema, Hobbes, es que no contaste con los intereses que realmente controlan la economía barcelonesa.

En reiteradas ocasiones hemos intentado registrar el piso como apartamento turístico, pero curiosamente, el Continue reading