Wednesday, July 27, 2005

BAD ECONOMIC NEWS:
Spain's trade deficit reached €30 billion in the first five months of 2005, a 40% increase over the same period in 2004, according to the ministry of industry, tourism, and commerce. The worsening is due to a strong increase of imports.
Well of course; with Spain's low productivity, it's more efficient to buy things abroad than making them.

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