Friday, March 30, 2007

Within three years, the Canary Islands will be within the EU average for income per inhabitant

This is a question a bit like, is the glass half full or half empty, but I think we are supposed to take this announcement from the regional government's Councillor for Economy and Tax as "good news." Of course, by simple deduction, the reality must be that current income per inhabitant, per year, in the Canary Islands is still lower than the EU average. Apparently, we are in a dynamic growth phase and the figure is no longer less than 75% of the average (which suggests that it was lower, not long ago.) And, if you ask me, the whole thing is relative, as I am sure prices will will continue rising too, so its acquisitive power remains much the same, or worse!

Canarias estará en tres años en la media de la UE de renta por habitante y año