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Transcript of Spain
EUROPEAN INTEGRATION FINANCIAL
CRISIS 2008- 2012 BOOM
1997-2007 Economic Strengths Inflation Rate Infrastructure Population: National Currency: GDP Total: Unemployement: 47 Million Euro €1.300 trillion 25.% 12. Biggest Economy
in the world for now! INDEX GDP // INFLATION RATE // BOOM STREGHTS // INTEGRATIONS FINANCIAL CRISIS Taylan Sayın Ulas Isık Ozge Tuncay EUROZONE (1999) IMMIGRATION INTEREST RATES
PROPERTY BOOM NEW JOBS REGIONS (BY 2006) 2008- Recession,credit bubble burst 2009- With the size and weakness of spanish banks 2010- 4.6 million people unemployed, Exports pick up
Massive public deficit
Rise in value added tax
Restructuring and merger processes 2011- Raise the retirement age to 67 from a previous 65. Considerable risks A new economic policy 5 REASONS FOR SPANISH ECONOMIC EFFORT Hurting regional governments Weak growth prospects Growing public anger Dept dependency Bank boil-out worries The second biggest foreign investor The Largest Renewable Energy
(IBERDROLA) 10th in the world in terms of first-class infrastructure. Leader in the field of high-speed rail. Having developped the secong longest network. Exports grow steadily With growth of 17.4% to 185.799 million euros in sales. After death of General Franco, Spain returned to democracy and become more involved with European Integration. Felipe Gonzalez became prime minister and lobbied successfully for Spain to join the European Economic Community. The European Union at the time Spain joined, in 1986 Unemployment was high, about 18 percent, and the Spanish GDP was 71 percent of the EU average. 1985-2000