Hefaistos

Spain's Unemployment Continues to Surge: Will It Hit 20%?

Thanks for this load of info! It sounds like an outright depression in Spain. Will we see social unrest?

Why Spain's Economic Crisis Is More Than Just a Housing Slump

Thanks, excellent analysis.
One thing strikes me, you say "The monetary policy applied in Spain between 2002 and 2006 was thoroughly inappropriate." Do you then mean the ECB mon.policy? Spain illustrates the problem of asymmetric development in a common mon.policy. They have no degrees of freedom in terms of fiscal policy, and they can't get the stimulance from the monetary policy that they'd need.

Btw, I think you will lose that bet. People don't choose bars according to the price of coffee, but more for ambience and social factors, like having interesting guests involved in lively discussions around. As long as you and your fellas are around there, 1.15 might be cheap for that coffee.