Spain will be unable to economically disadvantaged ball 6th largest economy in Europe only the bubble

Reporters report the Spanish called Ice 6th largest economy in Europe, the world number 12, second only to the traditional European powers Germany, France, Britain, Italy and Russia, but in fact, the Spanish economy is too dependent on tourism-service industry and did not really hold up the national economy consortia. This led to the Spanish economy over the past 10 years, although growing rapidly, but in reality, the real estate and general prosperity of the tourist influx. Financial crisis burst real estate bubble, thus influencing consumer crunch, tourism, fashion goods, and in particular, giant wine exports hit the entire country at once into a fully passive.

Only residential flats beach

Germans are Volkswagen, Audi, Bayer and other large financial groups across the globe, supporting Bayern, Wolfsburg, Stuttgart, Leverkusen and other giants; the Agnelli family of Italy have, Berlusconi family that studied under a variety large industry consortium, the British financial sector in central Europe does not lead to difficulties in financing football league, the Spanish have? Only the beach, and the cover price reductions on the beach waiting for the sale of residential flats.

Germany, Italy and France in the automotive, steel, chemicals and high-tech industries are the world’s top core competitiveness, the UK’s financial industry also the center of Europe, Spain does have a car, steel and aerospace industries, but very competitive in Europe limited. This can only result in Spain’s economic growth lies in the so-called “sunshine industry”, which is tourism. Relatively low consumption in Spain over the past 10 years has attracted more than 4 million immigrants, and also stimulate the real estate industry, Western European powers only to real estate as a pillar industry of Spain, which led to 2008 subprime mortgage crisis hit hardest on the Spanish economy .

Spain over the past 10 years, only to create employment opportunities and services to industry, reflecting the major competitive every year in lost industrial jobs. This means that the lack of productivity and competitiveness of Spain, in Germany, Italy, can be transferred to the emerging industrial revenue Middle East and Far East markets, Spain has only watched the sharp decline in the number of vacation. Industrial competitiveness ranked European powers up the rear of Spain, the growth of the past 10 years is just dependent on real estate bubble and tourism. Taken together contributed 20% of GDP for Spain increased more than 100 million new employment. But the arrival of the 2008 financial crisis, the sharp drop in house prices in Spain 20%, 10% unemployment rate never rose to 20%. Combined with European and American middle class in general reduction of the resort and luxury spending, Spain’s clothing, wine exports are suffering badly.

Lead to excessive bad debts soaring real estate lending, Spain’s banking crisis also difficult to get to the point. In the Greek government has been bankrupt due to the sovereign debt crisis of the vehicle in front of the cover, the Spanish will be the next forced to accept international assistance to alleviate the debt crisis of the country. The reason why the past two years, Perez and Russell also mad at the ball Shangwang investment, precisely because they have been able to rely on personal relationships from bank loans, but Spain’s banks have tightened credit, even rely on Barcelona Loan payment of wages, had to prove how the country’s economy is healthy.

Consortia where?

Take a look at La Liga club’s investors can understand, in addition to relying on member support, a virtual monopoly on football in this country all the quotas of investment in Real Madrid and Barcelona, ??the ball will be able to attract other national capital is very limited. 20 Premiership clubs, more than half of the wealth of the proprietor of more than 10 billion euros, La Liga this number of people in Qatar and Dubai, before the acquisition of the club, but it is zero – real big black Mabiliya was the proprietor of Luoyi Ge is “1 billion club” members, but the economic crisis, his dependence on tourist spending power of the ceramic factory suffered heavy losses.

In fact, the real estate of the La Liga club blow Lie. Because of strong domestic financial conglomerates can not find the support they can only hope that like Real Madrid as the sale of land to survive the year, but suffered deeply indebted real estate bubble. The collapse of Valencia is the case: Bat Legion is the only hope for the whole of Europe from the replacement of the stadium for debt restructuring of investment club, but now they “own” two courses: one can not sell another repair it up.

Madrid, Spain’s economic over-dependence (known as the “engine of Europe”, is now being ironic as “the ruins of Europe”) and Barcelona, ??also led to almost no other city has won a strength sufficient to support the club’s capacity. Real Madrid and Barcelona in Spain, their fans more than 10 million, accounting for half of the population, ranked No. 3 in Valencia, only 2.1 million, and almost all concentrated in the Valencia region. This led to a two-year turnover of almost 14 small club La Liga 15 times, which leads Deloitte club revenue among the top 20 list, only two strong La Liga is the only finalist in the league – which shows the disparity of large.

Also will promote the economy of London ranked the richest man in Europe, supporting at least five of the top clubs, four in Madrid this season, but in fact only two control 90 percent of economic resources. Italy and Spain equivalent conditions of Milan, Turin, Rome, Genoa, Naples and Florence 6 metropolis to support the 10 Class A clubs, but only four cities in Spain to achieve the quality of the Italian economy. In Germany alone is a mining and industrial core of the Ruhr area to feed the 6 grade teams, not counting the industrialized Stuttgart, Hamburg, Berlin and Bavaria.

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