Crisis

Taxes are going up, unemployment is going up, the stock exchange is falling, the companies are starting close down, there is social uneasiness… these are same negative effects of the crisis.

Everything began at the end of 2007, when the north American banks started failing, the banks gave loans and people couldn’t pay them banks, and consequently people lost their homes or businesses.

After, the crisis came to Europe, and set of the alarms in banks, immediately the stock exchange fell.

In Spain the case is similar to USA, banks have given loans and people can’t pay them back, but the people here use the money of the loans for building, when flats are built the people don’t buy there flats, in consequence the seller couldn’t get money for pay the loan. And banks were repossessing the flats. Along with this the stock exchange is falling.

Today, Spain is the last countries in getting over the crisis. Govern says that we are getting over, but the people don’t think the same.

In my point of view, I think that we can’t continue of this from, because the country will reach a point, that people will burst and govern have serious problems.