Talk:2008–2014 Spanish financial crisis

Proposed merge with Spanish language article

This is a general discussion of the crisis in Spain, the "corresponding article" referred to in the box at the top of the article is specific to the housing crisis in Spain. The Spanish language article is therefore not sufficiently similar to warrant inclusion in the general article it should be translated and included as an article in its own right.

The above comment was added by Spanish Fig on 1 August 2010 at 09:50

In the above comment, Spanish Fig was referring to this article: http://es.wiki.x.io/wiki/Crisis_inmobiliaria_espa%C3%B1ola_de_2008

As a result of Spanish Fig's comment I am deleting the banner referring to that article. Gfcvoice (talk) 19:17, 2 July 2011 (UTC)

Proposed merge with "Late 2000s recession in Europe"

I also removing the "merge with Late-2000s recession in Europe#Spain" banner which has been in place since March 2009, as it appears there is no discussion and therefore no consensus regarding this proposed merger. Gfcvoice (talk) 19:17, 2 July 2011 (UTC)

Article name change

I am renaming this article to "2008–2011 Spanish financial crisis" (previous name = "2008–2009 Spanish financial crisis"). The crisis is ongoing, as evidenced by the rise in 10-year bond yields, especially when compared to those of Germany. Gfcvoice (talk) 03:54, 5 July 2011 (UTC)

Erm change to 2008-2012 Spanish economic crisis. No sign of ending soon and it is more than financial with jobless rates predicted at 24% for this year. — Preceding unsigned comment added by 83.33.208.209 (talk) 17:15, 11 January 2012 (UTC)

Move discussion in progress

There is a move discussion in progress which affects this page. Please participate at Talk:2008–2012 Irish financial crisis - Requested move and not in this talk page section. Thank you. —RM bot 06:41, 17 January 2012 (UTC)

Removing non Spain specific information

1. REDIRECT Talk:European_sovereign_debt_crisis#Possible_spread_to_other_countries — Preceding unsigned comment added by Lip gloss for2 (talk • contribs) 16:04, 20 January 2012 (UTC)

Parsimony

About

The residential real estate bubble in Spain saw real estate prices rise 201% from 1985 to 2007.[7] € 651,168,000,000 is the current mortgage debt (second quarter 2005) of Spanish families (this debt continues to grow at 25% per year - 2001 through 2005, with 97% of mortgages at variable rate interest). In 2004 509,293 new properties were built in Spain and in 2005 the number of new properties built were 528,754.[8] 2004 estimations of demand: 300,000 for Spanish people, 100,000 for foreign investors, 100,000 for foreign people living in Spain and 300,000 for stock[citation needed]; in a country with 16.5 million families, 22-24 million houses and 3-4 million empty houses[citation needed]. From all the houses built over the 2001-2007 period, "no less than 28%" are vacant as of late 2008

Graphs are better than tables, and tables are better than text to convey data. Words should be reserved for the discussion. Here it suffices, in fact, to redirect to the main article, giving the main outline in one sentence, not reproducing it... Am I the one with strange principles or are they stated in Wikipedia, somewhere, but insufficiently applied? Lip gloss for2 (talk) 16:12, 20 January 2012 (UTC)

Property bubble section

The section is 4 years out-of-date, with the most recent data dating from 2008 as of late May 2012. — Preceding unsigned comment added by 88.15.232.16 (talk) 13:01, 20 May 2012 (UTC)

The role of the Socialist governement

It would be worth mentioning that everywhere the left wing (the Socialists) took over the government in Europe, a deep recession followed after a short period of better living. I think that there is a direct relationship between left wing governments and economic problems. Mazarin07 (talk) 13:24, 27 July 2012 (UTC)

We can't give our point of view (see WP:POV) nor can we discuss all of Europe in this article about Spain (there is an article on Europe). However, if you and others have references that refer to the current or past policies of the Spanish government and their impact on the debt crisis please include this material. Jason from nyc (talk) 15:00, 27 July 2012 (UTC)

...But you do. Look at this bold statement:

"As the largest economy in the EU, Spain remains one of the biggest concerns. In 2011 Mariano Rajoy took over the government with his conservative views, pushing out Zapatero and his left wing views. Trying to get Spain out if the highest unemployment rate in the European Union was proven to be harder than expected. The estimated bailout for Spain has been estimated to not be enough to restore the economy. There is a serious debt in the country, and some serious cuts would have to be put in place to be able to restore the economy at this point."

This paragraph is quite puzzling. Looks like vandalizing. Almost every word is factually wrong. Spain is not "the largest economy in the EU", not even the largest economy in deep crisis (Italy is bigger), if that is what is meant. Mariano Rajoy didn't took over the government in 2011, but in January 2012 (don't mistake the election with the actual taking of office). Mentioning Zapatero's "left wing views" here makes no sense: in economic policy terms he had none of those, in fact he was the one who began with budget cuts an labour reform from 2010 onwards. "The estimated bailout for Spain has been estimated" is a turn of the phrase which shows the rush and lack of care with which this paragraph was written. "There is a serious debt in the country" is equally poor writing, and it's also factually absurd. It mistakes debt with deficit. Debt was at 60%, one of LOWEST in Europe (compare to 80% in Germany). that was under "left-wing" Zapatero. It is now, under Rajoy, that it has escalated to 90%, so the wording is misleading. And to claim that "serious cuts would have to be put in place" is POV. Many economist (most, in fact) believe the cuts are the direct cause of Spain's recession. Could someone update the information, please? After one year of Rajoy's government, there's plenty of info about the "success" of his policies, like unemployment going 3% up in just a few months, debt 30% higher, inflation 1% up... etc. And could, please, that someone be an economist, or someone at least familiar with the economy of Spain and not a political polemist? — Preceding unsigned comment added by 85.49.169.187 (talk) 10:53, 11 February 2013 (UTC)

Move discussion in progress

There is a move discussion in progress on Talk:2012–2013 Cypriot financial crisis which affects this page. Please participate on that page and not in this talk page section. Thank you. —RMCD bot 23:30, 19 March 2013 (UTC)

Innaccurate title and introduction

Spain was out of the recession around September-October 2013 according to pretty much every source: https://www.google.com/search?q=spain+out+of+recession

The 2014 ending date is uncited and unsubstantiated and should be changed. — Preceding unsigned comment added by 79.152.234.237 (talk) 20:52, 16 July 2014 (UTC)

Needs Cleanup

This article needs cleaning up. Much of it was written several years ago before the crisis really ended. Perhaps the title is misleading. Should it go to 2016? There is evident bias. — Preceding unsigned comment added by 2.139.180.234 (talk) 10:22, 24 February 2020 (UTC)