Comments Thread For: Photos: Sergio Martinez, Pau Gasol Go Face To Face
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Well.....go get your nose checked, it might be broken.........Martinez didn't smack you around did he?
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Well, that's foolish a foolish theory. No while still on the euro.Debt-struck Madrid is betting its low budget bid to host the Olympics in 2020 will reap rich economic dividends for recession-hit Spain.Comment
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Sure there was some government spending debauchery, but most of the unemployment is due to the slow adjusting nominal wages cause by Spain not being a an optimal currency area along with the tanking nominal spending. Real wages need to fall relative to the rest of the euro area, and the ECB's tight monetary policy is making things worst. Thinking bringing in the Olympics to Spain will do anything while ignoring the real problem is ******ed.Comment
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