Posted by leadedbee (U5555345) on Sunday, 16th December 2012
This was an insightful and informative programme by the estimable Paul Mason. Thankfully, there were no gimmicks just sober analysis - and quite disturbing it was too. BBC at its best.
Posted by zencat (U14877400) on Sunday, 16th December 2012
I agree. I missed the beginning, but the dreadful "comedy" show on Radio 4 forced me to watch it, and I was glad I did. Mr Mason was excellent.
Posted by ironman47 (U14302047) on Sunday, 16th December 2012
We,re all DOOMED!!!<>
Posted by heterodox (U14291406) on Monday, 17th December 2012
'This was an insightful and informative programme by the estimable Paul Mason. Thankfully, there were no gimmicks just sober analysis - and quite disturbing it was too. BBC at its best. '
I agree with every word you have written. Especially your remarks about Paul Mason. I think with him and Stephanie Flanders we are very well served when it comes to economic analysis.
Posted by counterblast (U14258320) on Monday, 17th December 2012
I'm a big fan of Paul Mason. Very bright chap - with deadpan drollery to boot. Good hire by the BBC.
Posted by Steve Cole (U14393384) on Monday, 17th December 2012
Very interesting, however, apart from over supply the big problem in construction is legality. In Andalucia 10's of thousands of homes have problems with legality. In Chiclana de la Frontera about twelve thousand homes have been sold to people who have gone through lawyers, notaries and paid massive amounts in taxes to the state of Andalucia along with land registry fees only to be told that it is not legal to live in these homes.
Now they wonder why no one will buy a home in Spain.
The state of Andalucia and all its lawyers and notaries along with all its councils knew they were selling illegal homes, President Chaves of Andalucia has admitted as much.They have done nothing to put this right. Who in their right mind would buy a house here now?
The politicians were gloating in Valencia when they were carrying out land grabs ruining the lives of innocent people. Now their chickens have come home to roost but it is the average Spaniard and those expats who brought in to the Spanish dream that are paying the price.
Posted by meldrewsrevenge (U13159010) on Monday, 17th December 2012
and along with the previous programme about Cuba, does this herald BBC2 returning to what once it was?
Posted by leadedbee (U5555345) on Monday, 17th December 2012
Let's hope so. It isn't actually that hard to do. The format is to pick a topic of contemporary interest and use both an intelligent presenter and a production team who want to elucidate the topic without spending a lot of money and jazzing it up with flashy visuals. This programme did all three and we were given a clear if not disturbing analysis of why Spain (and the Eurozone) are in the economic plight they are.
Posted by Grandadpop (U3054464) on Monday, 17th December 2012
Re: Steve Cole.
A very interesting and well written analysis Steve.
My wife and I lived in Moraira on the Costa Blanca (roughly halfway between Benidorm and Valencia) from 1988 to 1990). At the time thousands of Brits, Germans and Dutch were buying/building villas all along the coast and the life was good, extremely good.
Fortunately we had the good sense to do everything by the book...the Spanish way...with a company which employed both Spanish and English lawyers and Spanish and English builders and we acquired all the legal documents - and I logged into the Spanish IVA (VAT) and tax system for good measure. We experienced few problems.
However...and I have to put my hands up and say the Brits were the worst offenders...we encountered loads of families who ran into difficulty with Spanish laws, simply because they had taken 'short cuts' in their finances and building practices. Many of them paid the price of their folly and went squealing to the European Court when the Spanish bulldozers moved in and for what?
Yes, they paid cash for the property they bought but overlooked the LAND it was built on...and often WHERE it was built, usually too close to the beach.
Then they got the shock of their lives when the landowner turned up, demanding RENT...and threatening to have them evicted - without compensation unless they paid!
In Spanish law the landowner holds all the cards, regardless.
Indeed, whole estates (complexes) were being built around newly established golf courses - and everyone knew they were breaking the law in one way or another and that some authorities were turning a blind eye. But we also knew the Spanish government was getting highly fed up with the situation and were passing draconian laws that sooner or later would start to bite.
The big purge on illegal buildings began in earnest about ten years ago and entire communities were bulldozed into the ground, usually without compensation. The BBC and others have made several programmes about this, largely blaming the Spanish authorities but the truth is, the Brits, Germans, Dutch and others took advantage of the situation and are now paying the price. Thank God we got out before the axe fell...not because we had done anything illegal but because the property market crashed in 1990 along with my job. We came home and started again. Others were not so fortunate.
There was a brief respite in the mid-1990s and for awhile it looked as if the Spanish economy was booming but then they went back to the bad old ways - manana-manana - and the rest is history.
You are absolutely right...I certainly wouldn't buy a property in Spain now if they offered it to me half price!
Such a shame...Lovely country, nice people, but no future.
Posted by BrightYangThing (U14627705) on Monday, 17th December 2012
I missed this and my record didn't work. iPlayer hopefully.
I agree, Paul is usually right on the button and makes it fairly easy for non economics experts to grasp.
More of the same please. I hope I am not being too optimistic in saying that it looks like BBC News/current affairs is enjoying a new lease of life and recognising they haev an intelligent audience out there.
Posted by Pancho Wilkins (U1158194) on Monday, 17th December 2012
It is not on iplayer, nor on Virgin's catchup all channels..
Posted by BrightYangThing (U14627705) on Monday, 17th December 2012
Yes it is
Posted by Maxibaby (U14151672) on Monday, 17th December 2012
A lot of Brits left their brains at Gatwick when they went into property deals in Spain. I lost count of the number of people who did the whole transaction without a lawyer, who didn't speak Spanish or have an interpreter to help them through the procedure, and most amazing of all, IMO, gave Power of Attorney over their property and their bank account to someone they met last week. These were people who were successful and sensible in the UK, but who went loopy in the sun, and did things they never would have done "at home", carried away by the whole dream of life on the Costa.
Posted by Vizzer aka U_numbers (U2011621) on Sunday, 23rd December 2012
we were given a clear if not disturbing analysis of why Spain (and the Eurozone) are in the economic plight they are.
It wasn't that clear. The content seemed quite confused and rambling at times.
For example there was a lengthy section at the start of the program which featured Professor Paul Preston trying to blame Spain's current economic crisis on the policy of financial autarky pursued during the 1940s - even though this policy was abandoned in the 1950s. And later on the financial journalist Matthew Lynn said that membership of the Euro coupled with an application for a bailout mean that Spain was effectively 'surrendering' its own sovereignty.
That said - I agree with the comments that the program represents the BBC at least attempting to fulfil its remit with regard to informing the public re current affairs.
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