August 11, 2012

Economic Crisis, Never Ending...?

"Economic crisis" These are the same words that many hears today. Greece, Portugal, Italy and now Spain- Europe's 3rd largest economy.

When will this end? No idea but they have lots to do. Let me give you some figures. Labor productivity in Spain (real output per worker) only went up 15% between 1990 to 2010- quoted from Fortune 500. However, the costs per worker went up 120%.

Spanish wine exports were focused more on volume rather than value. This is a sector where could assist in the recovery of their economy if properly utilized.

The Politician

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