Retaining Wall Block Mold

productivity, competitiveness and unemployment

was once a very poor country, at least poorer than most of those around him. Over time, this country went abroad and opening new and little by little, it became as rich as others. However, at any given time, its citizens became a little crazier than the rest of the world. Believed they could succeed in reducing the scourge of unemployment everlasting based tiling most of its territory.
The thing is that for too long, this madness seemed possible and this country, who had been a source of emigrants for much of the twentieth century, became the overnight, one of the most presence of foreigners in its territory. Thanks to those foreigners, raising GDP and growing Social Security and unemployment came to be below that of more powerful neighbor of all. The reality was so good that it seemed like a dream.
But the trouble with dreams is that, sooner or later end. And often abruptly. Suddenly, someone discovered that the king was naked and that the international financial system had been feasting on garbage disguised as structured assets. Digestion of the great binge of crap would drive, but also lead to greater distrust of other assets and the drying up of capital markets over a long season. And there was this rich country than previously thought and issue its mortgage bonds to finance its own bubble of bricks. And, as the national savings could not cope, had resorted massively to these same markets were now empty. And that nobody wanted to happen happened: the ball over because the player was left without light, catching the vast majority spinning out of control. No one was buying houses, no one gave credit to buy and prices began to fall, mortgage guarantees devaluing and hitting the solvency of the entire economy. Many
so rare in this country began to think that the sky had fallen on them, or something worse than all the biblical plagues was happening. In just a couple of years, the once proud unemployment rate has doubled and destroyed and a half million jobs work. All were now problem: if lack of savings, if lack of credit, if lack of competitiveness ...
But something bubbling beneath all those layers of bad news and gloom. To begin with, since the brunt of the crisis had brought the construction industry, characterized by grades of manpower needs and a relatively low productivity of the same, was also the first to begin active drive. Thus, the American economy began to retrace the path taken in previous years, in which the productivity of workers fell gradually, if, when we thought the future was to continue building. Suddenly, in just 1 year this country that no one said anything positive regained their levels of productivity at the expense, yes, to leave in the gutter to an incredible number of workers.

development in productivity per job. EU27 = 100

still not get credit or, if he did, was more expensive. People thought that the country had no political solution and were busy organizing strategies for the general election approaching. His earlier optimistic (and unrealistic) president, now sacrificed for his country and his party, giving to the demands of markets with which he was uncomfortable, but he could not do without. The opposition simply got carried away: the great wave of the crisis tumbaría the government without causing them any wear. In other words, the perfect cocktail to keep anything good happen.

But the thing is that, despite rising unemployment, deflation of assets Property for sale and mortgage guarantees, also despite the credit crunch, millions of people were getting up every day, going to work and efforts to continue moving forward. Is it because it is true that the need for the mother of invention, it is because, in the background, there were still people who hoped to emerge from the crisis. Will tell that story and someone in a few years. The truth is that the economy, which had suffered such a brutal adjustment in employment, managed to emerge from recession, and little by little, she was correcting some of its imbalances. One country where no one trusted, suddenly found himself with less debt some of its large neighbors , less deficit, and where to look you with increased productivity that they and any of the countries considered the most productive world.

Eurostat data

Obviously this does not guarantee the start of the crisis. Should be put into play some other virtues. But in hindsight it was still a good foundation on which to continue building this country in this story. Nor should we forget the millions of unemployed had fallen by the wayside and which would have great difficulty in finding a new job, as it was not likely to return to sustain growth in a sector with low productivity. That would be, above all else, the great challenge for the future of the country.

What today may seem black and impossible, tomorrow can be seen from another perspective, especially when viewed from a GDP of new growing ...

and red bunting, this story is over.

UPDATE: Germany will offer employment to qualified unemployed in Spain and Portugal