Prices have risen three times the wages in the euro
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It seems incredible, but the next January 1 are met Ten years after the introduction of single currency in the euro zone, and therefore also in Spain. Despite the time elapsed, there are few who still remember fondly the peseta and when we find very revealing data on the evolution of prices since the euro put into operation.
Although it was not until January 2002 when it entered into force, had for years been developing the monetary union. The previous months we were to raise public awareness with numerous campaigns. We all remember the current Princess of Asturias, while conducting their work in Spanish TV journalist in some of these campaigns, informing all the Spanish on the price in euros would have the best-known consumer goods.
Also insisted that prices tell us they would not vary with the introduction of the euro, which was only an exchange. The reality was quite different, and since the first months created much controversy with the “Rounding” was applied in most of goods and stores. This situation led to a growth of very high inflation in 2002.
Far from staying in a circumstantial, the price growth has remained constant throughout the decade. In fact, as reported by the Organization of Consumers and Users (OCU)The European single currency has led to a very high increase in prices. The problem is given because the growth of wages has been much less. In particular, The basket has risen by 48% (We have gone from 4,600 euros per year to the current 6800 average), while the average wage has grown only 14%, Which is less. Therefore, and contrary to that indicated European authorities, citizens have lost in ten years enough purchasing power.
To all this must be added the economic crisis so great that still suffer, especially in our country, so that people begin to wonder if it had not been better to stick with the peseta and the euro has brought few benefits. For us an idea as their own OCU, the price of bread has increased by 81% since 2001, and 114% eggs, milk, 48% and rice 45%. If we move to real estateThe situation is even more alarming (and this despite the housing crisis), as the square meter owned homes increased by 78% and 66% in new housing. The increases are widespread in all areas, except in technology given the strong competition, means that there are cheaper prices.
In this situation, it may be time to assess the suitability of a currency that continues to impoverish the average citizen.
