February 21, 2008

You're watching the articles of Euribor for the day on February 21, 2008.

Travel time

Time travel gives rise to innumerable paradoxes, one of them is the paradox in which the grandfather traveling to the past and kill your grandfather before you know your grandmother with which it is assumed that there would not be born and therefore the There was not impossible that would have traveled to the past to kill your grandfather ...

As the paradoxes, Incordiar quite a theoretical level, they try to find solutions, as in this case might be that of the parallel universes of the lines or a temporary.

More or less this is what has happened in the economy since 2004, there is a universe in which wages have grown just as prices and another, where are you, in which families need most to € 5,000 year to live well. These statements should be cogerlas with tweezers as we are moving into full election campaign and should not do much if the politicians, but because of something you may have.

This is what tells The executive secretary of Economic Policy of the PP, Miguel Arias Canete.

'Today a family, to buy the same thing that I bought four years ago, for clothing, footwear, send children to school, pay doctors or any transport needs 275 euros a month, and 225 more if you have to pay a mortgage, "said Arias Canete, who felt that 'the average family Spanish, to live like four years ago, needs 5,000 more, which would mean that salaries would have risen 6,000 euros more."

Perhaps it would have to go back just over 2004, to check the widespread drop in purchasing power since it is something that does not seem to matter too much to politicians from both sides.

At the other parallel universe, the better, the whole of the rich remains the same, for example there nine out of ten Spanish fortunes evade taxes.

The group of technicians from the Ministry of Finance (Gestha) has reported that about 86% of Spanish fortunes with a heritage of more than 10 million euros evades their tax obligations by failing to declare the tax Heritage. The organization has pointed out that if the technicians could monitor these estates were collected over 21,000 million annually.

I like the name of the group, imagine that you say "Gestha care who comes." Undoubtedly, it imposes.

As for the rumorología, is heard everywhere that any of the boxes Spanish is very bad, fifth the pattern of the ECSC said yesterday: "There is no cash in a critical or sensitive ... or what would need to know"

Quintos also pointed out that there is a "commotion" in the international finance system, with layoffs in many foreign entities, and with measures such as the nationalization of a bank in a country that carries the "flag of liberalism," referring to the British Northern Rock, but did not specify its name. In this regard, he announced that it is likely to be more nacionalice a bank in a European country.

So to end today, as we talked about economics and time, who better to do it with a sentence of Tyler Cowen, Professor of Economics at George Mason University.