Tuesday, September 04, 2012

Life in "Progress" Country - Spain edition

Seriously, what's it going to take for some media type to call out Obama for leading the US on the same track as the PIIGS (Portugal, Ireland, Italy, Greece, & Spain)?

It is, Julio Vildosola concedes, a very big bet.

After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks.

“The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.”

  Now ask yourself the question, when people flee a bad situation who ends up holding the bag?

garbage collectors
corporate executives
taxi drivers
movie stars


No comments: