€ Takes A Dive
April 25th, 2008 - Chris MarshallThe euro has suffered its sharpest drop in four years as a blizzard of weak data from Germany, Belgium, France, and Spain spark fears that economic contagion may be spreading from the Anglo-Saxon world to Europe.
Seems like not a day goes by without some depressing news on the economy front, and I really don’t want to depress people, but I have a huge interest in what is going on, and as such am soaking up as much information as I can on the current position and future trends. Funnily enough I am spending more time looking at the position in Spain than I ever did in the UK.
At the moment it doesn’t seem to matter if it is my parents in Florida, my colleagues in the UK, USA, Canada, Dubai, Budapest, Russia etc or just friends from around the world the main topic of discussion seems to be the declining state of the world economy. The big question for me at the moment is where is the best place to invest? Sad as it may be in times of hardship there are some great deals to be had.
This article from The Telegraph made interesting reading:
Spain’s business federation warned that Spanish unemployment will rise by 500,000 by the summer unless the government takes “valiant measures” to offset the housing and construction crash. “For every dwelling not built, two workers will lose their jobs,” said the group’s president, Gerardo Diaz Ferran.
The country’s credit group ASNEF said the volume of personal loans had dropped 30pc in the first quarter, the worst performance since the country’s financial crisis in the early 1990s.
Troubling data in Spain has been building for months, but investors have tended to focus on Germany as a proxy for the whole eurozone. A shock drop in Germany’s IFO business confidence index yesterday caused an abrupt change of mood in the currency markets.
The euro plunged to $1.5646 against the dollar, down from its all-time peak of $1.6018 on Tuesday. It is still 27pc above its level two years ago.
Euro dives as wheels fly off eurozone economy
About Almerimar
Almerimar is located in the region of Andalucia, Spain. The nearest airport is 30km away in Almeria. Other airports that are within 3 hours include Malaga, Murcia, Granada, and Alicanti. Other holiday resorts in the region include Mojacar , Aguadulce and Roquetas de Mar
Almerimar is a great place to live as an expat amongst the expats, or to work amongst the Spanish. There are all kinds of properties including villas, apartments and town houses for rent or sale. It is a very traditional part of Spain, with traditional Spanish foods so if you plan to travel to Spain either to look for jobs, for your company to trade with companies in Spain, or to learn Spanish and enjoy the Spanish weather then come and take a look.
If you are interested in purchasing a property in Almerimar please visit our sponsors Mirror of the Sun or Mediterraspain. If you have purchased a property and need it furnished please check out our Sponsors DBJ who will give you a Exclusive 5% discount with the code AL2008.
If you want to learn Spanish, get help with anything to do with the legal issues in Spain, or want WiFi access in the marina please check out our sponsor CentrePoint who will give you a 10% discount off all services with the code AL2008.
If you want an amazing activity based day out in the mountains and to learn how to ride a motorcycle off road then check out our sponsor The Long Way Round and get 5% off with the code AL2008.
Almerimar is also one of the largest marinas in Spain with over 2,000 births and excellent boatyard facilities.
