Re: Re: Euro – One in seven chance it will be abandoned

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Anonymous
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If we work on the premise that Spain does not need a bailout, the Euro is here to stay, and Germany will continue to prop up its poorer neighbours (not as an act of kindness, but because it has to), then it becomes possible to look a bit further ahead than next year.

Spain’s construction industry has failed, the smaller banks are over-exposed to dodgy property loans, unemployment is far too high, and corruption and a black economy is still taking its toll.

All the problems are being addressed with austerity measures and a crackdown on the crooks. The tourist trade will always stave off any major collapse and exports are rising. Apart from oil, Spain is almost self-sufficient with its vast agriculture and fishing industry.

But this is a property forum, and hard as I’ve tried I can’t find any good news regarding Spanish property.