Innocent Accused wrote:


Actually most Brits living in Spain retired there,bringing in valuable foreign currency reserves without which Spain would have gone bust years ago.

So the state of the Spanish economy depends on British pensioners. That's a bit of a silly statement which I'm not sure many economists would take seriously. And 'years ago'? When exactly?

david wrote:
Innocent Accused wrote:


Actually most Brits living in Spain retired there,bringing in valuable foreign currency reserves without which Spain would have gone bust years ago.

So the state of the Spanish economy depends on British pensioners. That's a bit of a silly statement which I'm not sure many economists would take seriously. And 'years ago'? When exactly?

'British (359,076 as of 2011, but more than one million are estimated to live permanently in Spain) and German (195,842) citizens,'
source:en.wikipedia.org/wiki/Demographics_of_Spain

Also read this,not easy to find exact figures on google,but it does refer to expats bringing in 'huge amounts of foreign currency.

seriouslyspain.com/eu-report-shows-spain...population-in-europe

The term 'bust' was perhaps not suitable,but a serious effect on the economy if this money was withdrawn is beyond doubt.

The aim of the post was to compare the different types of immigrant,and it did that.

I think I am right...ITK is suffering from an extended NYE hangover.

He wants to replace the Royal Family with Disney characters !!

Innocent Accused wrote:
Actually most Brits living in Spain retired there

Exactly - ALL collecting Pension (which is a UK benefit).

In The Know wrote:
Innocent Accused wrote:
Actually most Brits living in Spain retired there

Exactly - ALL collecting Pension (which is a UK benefit).

Don't forget private/government index linked pensions...all money flowing into an otherwise almost bankrupt economy.