TALK & OPINIONS BY SILVIO CANTO JR.

We discuss politics, sports and a few extras!

Archive for June 25th, 2016

A look at the GOP weeks before the convention in Cleveland

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We will review the state of the GOP weeks before the Convention………will the UK vote have any impact on the US election………the Supreme Court decision on immigration highlights the importance of replacing Justice Scalia………..what is the status of the movement to dump Trump in Cleveland?………..Senator Cotton as Trump’s VP…….Senator Kaine as Clinton’s VP…….and other stories of the week……….

Click the link to listen:

Source: A look at the GOP with Chris Corbett 06/25 by Silvio Canto Jr | News Podcasts

Written by scantojr

June 25, 2016 at 7:00 pm

1968: “This guy’s in love with you” was # 1 this week

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June 25, 2016 at 11:52 am

1947: “Dark passage” is a rather good movie

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June 25, 2016 at 11:51 am

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Will Spain be next?

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(My new American Thinker post)

A few years ago, I was talking to a Spanish friend from Madrid who exports to the U.S. He complained then about the “euro”. He said that the euro was killing Spanish exports or making them more expensive in the U.S.   

He longed for the days when Spain had its own currency (“la peseta”) and could manage its own economy.

Wonder what he is thinking today? My guess is that he is happy with the UK vote.    

My sense is that the EU has been good to Germany but not to those smaller countries who depend on trade or tourists, such as Spain.  

Exports to the U.S. are a major portion of the Spanish economy:

Exports from Spain amounted to US$283.3 billion in 2015, down by -5% since 2011 and down -11.1% from 2014 to 2015. 

Spain’s top 10 exports accounted for 57% of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Spain’s total Gross Domestic Product amounted to $1.636 trillion in 2015.

Therefore, exports accounted for about 17.3% of total Spanish economic output.

My friend wold argue that the “euro” is the reason that exports to the U.S. are down.    

He is not alone, as we can see in this 2015 BBC report that I read  last year:

As Spain emerged, under-developed and economically weak, from the isolation of the Franco dictatorship, the EU was seen as its benevolent benefactor.

Now, six years into an economic crisis which has left 27% of the population unemployed, it is viewed as the belligerent bully which is forcing Spain to its knees with austerity measures.

Since 2007, Spanish approval of the EU has almost halved.

It’s fair to say that the benefits of the EU were oversold to a Spanish nation yearning for modernity a decade ago.

During the Franco years, the trains ran on time and the streets were extremely safe. At the same time, he isolated Spain from globalism and progress.

Will Spain be next? Time will tell but don’t be surprised if it does. The Brits have a lit a fire and it will spread quickly.  

P.S. You can listen to my show (Canto Talk) and follow me on Twitter.

 

 

Written by scantojr

June 25, 2016 at 4:27 am

Posted in European union

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