Spain's Plan E

ionix5891

I am aware of the forum name but since both countries are in similar property bubble implosion aftermath this might be an interesting read

http://uk.reuters.com/article/worldNews/idUKTRE54Q01420090527?sp=true

Plan E (Spanish Plan for Economic Stimulus and Employment) is part of Spain's equivalent to the "New Deal" U.S. President Franklin D. Roosevelt devised in response to The Great Depression, a plan partly drawn up by Keynes himself.

aka digging holes and filling them up again to keep people employed

jimmmy

ionix5891 wrote: »

I am aware of the forum name but since both countries are in similar property bubble implosion aftermath this might be an interesting read

http://uk.reuters.com/article/worldNews/idUKTRE54Q01420090527?sp=true



aka digging holes and filling them up again to keep people employed

True enough.
Interesting that the plan is "costing Spain 16.5 billion euros, but few economists believe they have done much to stoke demand.", according to the report. I wonder will time show the real winners to be the people who lent the money ( probably China / the middle eastern oil producing countries ) ?

ejmaztec

I think that Plan "E" in Ireland would be "E" for Emigration.

We must be in the middle of Plan B now, and I await Plans C and D with my usual off the wall cynicism.

is_that_so

From the horse's mouth so to speak.
http://www.plane.gob.es/what-is-plan-e/

The title
El Plan Español para el Estímulo de la Economía y el Empleo which means

"The Spanish Plan for the Stimulation of the economy and employment"