Spain banks get up to 100bn euros

[Chimera]

And overall more taxes.
Energy bill != energy costs.

Used to be true. Not anymore.
Our GAO (Cour des Comptes) has published an all-comprenhensive study on the french civilian nuclear program (hidden costs not taken into account) and it is as follows:
-nuclear power plants dismantling costs
-waste/hazardeous materials management
-new safety standards to be implemented (following Fukushima accident)

Total cost since 1945 (research & investments) = 170 billion eur
Hiddent costs to be added in the future = 80 billion eur

These hidden costs are evaluated to a 10% increase on our electricity bill. Still more competitive than any electricity price one would pay elsewhere in Europe.

The whole study is available on the French GAO website:
http://www.ccomptes.fr/index.php/Pub...ectronucleaire

[Lazy Lob]

..............
Spain always had a high unemployment and even had a account surplus with it.
Spain was over 10% for years. 8% are boom numbers..............

The Spanish have always fiddled their unemployment figures. Both the state and the public. The difference is that the current unemployment figures are approaching the truth.

The Spanish working public was very reticent (and still is) to register when they are self employed (autonomos). Their unemployment figures also were screwed by their government's "Historical Memory" law which opened the floodgates to massive migration from Latin America.

Finally companies were notorious to "fix your papers" when firing temporary employees so these could claim states benefits and not lose their entitlement. Then they would rehire them the next season.

It was and still is all a sham. I could go on with the agricultural benefit system called the "PER". But if we in the UK have an entitlement culture then Spain is off the scale.

[Mackie]

Used to be true. Not anymore.
Our GAO (Cour des Comptes) has published an all-comprenhensive study on the french civilian nuclear program (hidden costs not taken into account) and it is as follows:
-nuclear power plants dismantling costs
-waste/hazardeous materials management
-new safety standards to be implemented (following Fukushima accident)

Total cost since 1945 (research & investments) = 170 billion eur
Hiddent costs to be added in the future = 80 billion eur

These hidden costs are evaluated to a 10% increase on our electricity bill. Still more competitive than any electricity price one would pay elsewhere in Europe.

The whole study is available on the French GAO website:
http://www.ccomptes.fr/index.php/Pub...ectronucleaire

Considering that the new French Areva reactor in Finland will hit the 8 bn (3bn targeted) Euro mark without a problem and still paying 2 Euro dumping wages to Polish workers, the 80bn bill for the future sounds a bit strange.
But if the overall bill for nuclear power is cheaper than we should wait if the UK accept the Areva plans.

And I doubt that your overall energy bill is smaller, since you heat mostly with electricity.

[Chimera]

Considering that the new French Areva reactor in Finland will hit the 8 bn (3bn targeted) Euro mark without a problem and still paying 2 Euro dumping wages to Polish workers, the 80bn bill for the future sounds a bit strange.

You're talking about something you don't know about.

The reactor being built in Finland (EPR) is a brand new cutting edge technology that has little to do with the current nuclear reactor technologies already built in France.

The 80 billion bill is for the current reactor and their maintainance/improvments in France.

And I doubt that your overall energy bill is smaller, since you heat mostly with electricity.

I suggest you search for Kw/H cost comparisons analysis, France, with 80 % of its electricity coming from nuclear plants, is cheaper than any other market in western Europe.

http://www.econologie.com/forums/pub...lectricite.jpg

[Mackie]

You're talking about something you don't know about.

The reactor being built in Finland (EPR) is a brand new cutting edge technology that has little to do with the current nuclear reactor technologies already built in France.

The 80 billion bill is for the current reactor and their maintainance/improvments in France.



I suggest you search for Kw/H cost comparisons analysis, France, with 80 % of its electricity coming from nuclear plants, is cheaper than any other market in western Europe.

http://www.econologie.com/forums/pub...lectricite.jpg

I mean your household bill, Chimera.

But let's wait for the UK nuclear program. My bets are on coal an gas.

[Lazy Lob]

We get our power from the shyte that comes out of the House of Commons.

[churruca]

1. It is a bailout. Spain is responsible for the "loan" and interest will be part of the budget deficit.
2. Spain must purge fiscal irresponsibility.
3. The Spanish economy rocked credit and easy money (mortgage expansion 1998-2006) and must be recovered from indigestion
4. Italy, Portugal, Greece and Spain are in appalling conditions.


But ...


Neither Italy nor Spain, nor Portugal nor Greece have a central bank willing to hold at all costs fical policy of governments and their emissions.

[joethesixpack]

Was any European country receiving bailout able to return to open markets for financing?

[Mackie]

Was any European country receiving bailout able to return to open markets for financing?

ireland returned in January.

[Gordon]

Don't knock it folks, this is a 'Victory for the Euro'.

http://www.bbc.co.uk/news/world-europe-18385634

[armored_diplomacy]

We get our power from the shyte that comes out of the House of Commons.

You witty Brits, staying out of the Eurozone.
Who was going to say that was good

[timetraveller]

Don't knock it folks, this is a 'Victory for the Euro'.

http://www.bbc.co.uk/news/world-europe-18385634

He's talking mince , Just because they got a loan ... the cost of the loan will be passed on to the consumer ,

Can you imagine any Goverment giving money to it's citizens to pay off there debts . Not fuking likely yet , They will give Banks it .. reeks of hypocrisy ,, What's need is every citizen to withdraw there money close there accounts they wouldn't be able to cope . Banks would become extinct within a week ..and Goverment's , IMF wouldnt have the capital to fund them all

[tokengator]

meanwhile Ireland and Greece are looking at this and wondering why they dont get free money.

Italian banks just got the green light to do whatever they want knowing there is no repercussions

france? why not.

this is pathetic. banks are getting bailed out off the backs of the citizens that will be relegated debt induced serfdom.

like i said previously.. politicians and banks are out of control

California, Illinois and then america is next after the eurozone

[tea drinker]

meanwhile Ireland and Greece are looking at this and wondering why they dont get free money.


this is pathetic. banks are getting bailed out off the backs of the citizens that will be relegated debt induced serfdom.

like i said previously.. politicians and banks are out of control

they've been out of control for 1-2 decades, this is just the results, and even the face of the results no banking reform. But yet we hurriedly put into place State austerity. I'm at a loss to explain that one.

[johanness]

http://www.telegraph.co.uk/finance/c...Bundebank.html


Italy must guarantee 22pc of the bail-out funds, even though it cannot raise money itself at a sustainable rate. You could hardly design a surer way to pull Italy into the fire.


Citigroup warned over the weekend that Italy’s economy will shrink by 2.5pc this year and another 2pc next year as the fiscal squeeze starts in earnest, with grim implications for debt dynamics. Public debt will jump from 121pc of GDP to 137pc by 2014.

The world is uncomfortably close to a 1931 moment. Italy’s public debt is the world’s third largest after the US and Japan at €1.9 trillion. There is no margin for political error.