Wednesday, 26.09.2018
 Daily news from the Canaries and the islands' biggest English language newspaper on-line
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Daily news from the Canaries and the islands
   Daily news from the Canaries and the islands' biggest English language newspaper on-line

Crisis: real or imagined?

In recent months, newspapers and politicians have been pretty much in agreement that we are suddenly facing an international financial crisis.

It would seem that almost overnight economies have gone from being healthy to lying prone on their death beds. In Ireland, for instance.

Out of the blue, there is talk of catastrophy and share and house prices are plumetting. Here too all is now, apparently, virtually doomed. Or is it? The lurch from boom to crisis seems to depend on a variety of factors, not least perceptions and expectations.

So are we really facing a time of hair-shirts and belt tightening or is all this talk of financial abysses little more than political cant and posturing?
Pictures: 1 - 2 - 3 - 4 - 5 - 6
Virginia, France/Valencia

Of course we are facing a crisis prices are going up, salaries remain the same, and those with young families are suffering particularly badly. Mortgages simply cant be paid any more. Food, fuel .everything has become far too expensive.



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