- October 14, 2012 at 9:52 am #57104
Idealista recently printed this interesting chart. Note that Citi Bank are substantially more pessimistic in their outlook for 2013 than Deutsche Bank.
I’m inclined to think Deutsche’s prediction (and a 1% decline is still bad news) will be the most realistic as they are a European based institution. However SocGen really should have good insights into the economy too (they have a major presence in Madrid’s financial sector) so it’ll be interesting to see which of those two banks have the better prediction.
- October 15, 2012 at 9:27 am #112853
do you know if the chart takes into account inflation, etc…?
- January 17, 2013 at 10:28 am #114657
This is bad news for anyone who hopes to live off their Spanish pension in the not-too-distant future:
Mind you, the UK and US public pension plans are all bust too, so it’s not just Spain.
- January 17, 2013 at 1:03 pm #114667
@Mark: This is breach of contract i.e. the citizen & the state & these Government should be taken to Courts.
- January 18, 2013 at 4:19 pm #114690
No opinion from me on this – I’ll let the “experts” here fight about it.
From the New York Times:
A Mending Spain Finds Willing Bond Buyers
MADRID — January is turning out to be a bumper month for Spain and some of the euro zone economies most in need of debt financing, with governments and companies flooding the market with bonds that have sold at significantly lower interest rates than just a few months ago.
- January 18, 2013 at 5:25 pm #114696
Yes, it’s a win, win situation with the ECB virtually underwriting them…for now
- January 18, 2013 at 6:27 pm #114698
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