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In what may be the least shocking economic statistic reported so far this year (albeit it's very early), 70% of Spanish Citizens Don't Believe Prime Minister Rajoy on the Recovery.
Via translation from El Economista...
In 2013, Prime Minister, Mariano Rajoy, promised the "economic recovery" would begin in 2014.Mike "Mish" Shedlock
A survey released Wednesday by the newspaper El Mundo shows 71% of the citizens of our country believes that recovery will begin in 2015. A mere 17% trust the recovery will start this year and 8% estimated that the recovery actually started in the latter part of 2013.
The stats have gotten worse. A year ago 30% of Spaniards saw 2014 as the year of recovery, now that number is down to 17%.
With regard to the personal situation of respondents, only 20% believe their life from an economic point of view will be better in 2014. 75% believe it will be the same or worse.