Has a country ever been so benevolent with lawbreakers as Spain is right now? The government has come up with a plan to allow people to deposit their Bin Ladens (500 Euro notes usually gained during the property boom years and hidden under the bed or in safes at home so called because everybody knew they existed but nobody had actually ever seen one) to be taken into banks and deposited no questions asked and without any responsibility on behalf of the person who puts them in. The reason is simple, to restore liquidity in the banking sector and rescue the economy. It is being presented as the huge advantage that Spain has over the rest of Europe in this respect.
So there it is, you give an amnesty to money laundering and illegality in real estate transactions to save your contry's backside in hard economic times. A totally novel and exciting way of making sure that the wheels keep turning and Spain can regain its preeminence in shady financial practices from Nigerian scammers.
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2 comments:
Hi Graham
I couldn't believe this either. There again - in the UK the former Chancellor who was resposible for a lot of the current crisis is now portraying himself as the hero who is/will get us out of this hole.
Nothing surprises me anymore!
Thanks for the comment Steve. It doesn't really beggar belief but it shows a creative accountant's understanding of the situation. Lots of beds in Spain will be getting lower or mattresses thinner.
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