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Wednesday 08.02.2012

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

Sonia Puerto de la Cruz

Yes, we have a crisis and this is caused by the politicians. They are unable to control the prices. In the meantime supermarkets are eating up our entire salaries. It can’t go on like this. A few years ago I needed about €400 for housekeeping and now it‘s closer to €700, and this for two people! I am self employed, so even though costs are increasing I can’t pass it on to the customer. On top there is the increase in the price of fuel….politicians will have to do something.

News::

Sick hiker airlifted from Anaga

Tenerife - 08.02.2012 - Emergency services in Tenerife were called into action again yesterday to rescue a hiker who took ill during a walk in the Anaga hills outside Santa Cruz. more...

Canarian MP slams 'arrogant' Ryanair boss

Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more...

Springsteen snags resolved

Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more...

Lawyer's office raid in money-laundering probe

La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more...

War of words between Canaries and Madrid

Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more...

Rowers face proceedings after latest rescue

Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...

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Living & Lifestyle

Banish the blues
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Motoring

Peugeot 208

IslandConnections - Edition 661

E-Zigarette
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Electronic Cigarette
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Real Estate Tenerife
We are a real estate company, constituted in the year 2002, and nevertheless our professional team possesses a long trajectory in the real estate sector in the north of Tenerife.
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Removal and shipping
Your transportation professionals for the canary Islands.
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