Bailout? What bailout?

I don’t often stray beyond my own little world on this blog, but that doesn’t mean I don’t notice what’s going on around me. At least when I’m brave enough to take my head out of the sand for long enough to turn on the telly.

It’s just that there seem to be plenty of other people out there who are better qualified than I am to comment. I start to write something and then realise I just don’t know enough about the subject, and I don’t have the time or, to be honest, the inclination to spend all day trying to find out enough to make sure I’m not talking rubbish.

However, every so often something takes my breath away and once I’ve got it back I feel the urge to rant coming on. Last night’s performance by the Spanish Minister for the Economy was a case in point. There he was, telling the world that what was never going to happen had happened but it hadn’t really because we’re going to call it something different. If you don’t use the B word, it doesn’t count.

If you didn’t know otherwise, you’d think he was your local bank manager telling you the powers that be had considered your application for a mortgage and in view of the fact you were such a good, reliable customer and they were very impressed with how you managed your bank account, they’d decided to give you one. Congratulations, sir! The terms are excellent and you’re very lucky to get it with such a good rate of interest. It’ll help you get your business back on its feet and everything will be hunky-dory.

It’s only when you’ve left his office you realise he didn’t tell you how long you’ll be paying for this wonderful mortgage the bank has so graciously given you, or how much it’s going to cost you each month. And what happens if your business doesn’t get back on its feet and you can’t pay it? Will they throw you out of your house like all the other poor sods that have been evicted?

 

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I don’t often stray beyond my own little world on this blog, but that doesn’t mean I don’t notice what’s going on around me. At least when I’m brave enough to take my head out of the sand for long enough to turn on the telly.

It’s just that there seem to be plenty of other people out there who are better qualified than I am to comment. I start to write something and then realise I just don’t know enough, and I don’t have the time or – to be honest – the inclination to spend all day trying to find out enough to make sure I’m not talking rubbish.

However, every so often something takes my breath away and once I’ve got it back I feel the urge to rant coming on. Last night’s performance by the Spanish Minister for the Economy was a case in point. There he was, telling the world that what was never going to happen had happened but it hadn’t really because we’re going to call it something different. If you don’t use the B word, it doesn’t count.

If you didn’t know otherwise, you’d think he was your bank manager telling you the powers that be had considered your application for a mortgage and in view of the fact you were such a good, reliable customer and they were very impressed with how you managed your bank account, they’d decided to give you one. Congratulations, sir! The terms are excellent and you’re very lucky to get it with such a good rate of interest. It’ll help you get your business back on its feet and everything will be hunky-dory.

It’s only when you’ve left his office you realise he didn’t tell you how long you’d be paying for this wonderful mortgage the bank has so graciously given you, or how much it’s going to cost you each month. And what happens if your business doesn’t get back on its feet and you can’t pay it?

This entry was posted in Life in Spain, Politics and tagged , , . Bookmark the permalink.

One Response to Bailout? What bailout?

  1. Gay Wendes says:

    I totally agree, Verity. This was spinning in the order of Churchill’s describing Dunkirk as a victory AND the “loan” brought Spain less than 12 hours respite in the markets. Whenever will the leaders bit the bullet and sort this out?

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