Screwed by the euro

A Madrid barman does the sums.

Javier Caraballo posts a photo of a sign hung on a Madrid bar door by its barman explaining his particular crisis and that suffered by all those Spaniards without ownership in a broad sense of some part of the means of production and distribution:

1999 (pta)

2011 (€)

2011 (pta)

increase (%)
monthly salary waiter

145,000

900.00

149,748

3
café solo

80

1.20

200

150
ticket 10 metro journeys

640

9.40

1,564

144
train ticket to Cotos (Madrid)

320

4.80

799

150
litre of milk

80

0.80

133

66
kilo tomatoes

120

2.40

399

233
loaf of bread

25

0.60

100

299
1st year secondary science textbook

1,200

35.00

5,824

385
room rental

30,000

400.00

66,554

122
purchase 90m2 flat

18,000,000

300,000.00

49,915,863

177

Javier says that we’ve had three bubbles simultaneously: in construction, which has left us with 5 million unemployed; in public administration, which has multiplied vertically and horizontally; and in consumer prices relative to salaries (which in the case of the barman have been frozen partly by the arrival of millions of immigrants accustomed to even lower wages); and that if something is not done rapidly we will reach a point of no return.

Various friends who have been transferred from contracted to unofficial status confirm my belief that official unemployment figures are wildly exaggerated; the size of the state seems to be being reduced, although nothing like as fast as the government tells foreign audiences, and probably not fast enough to avoid Armageddon; but, perhaps like Javier, I struggle to understand why there has been no rioting, African style, regarding the prices of basic necessities, which show little sign of abating.

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