[Anonymous]

The respected economist Nouriel Roubini says that Spain will leave the Euro in three to four years time:

Nouriel Roubini, Euro-Zone Break Up

[GarySFBCN]

The respected economist Nouriel Roubini says that Spain will leave the Euro in three to four years time

Maybe English is not your first language. Roubini said that Spain COULD leave the euro in thee to four years. COULD. COULD. COULD.

[Anonymous]

There could be no euro to leave in 3 to 4 years who knows

[katy]

That was my first thought too 😕

[Anonymous]

The Germans may decide its not worth paying the bills. The problem in Spain is the property market and unemployment. First they need to clean up the conveyancing system. Second they need to remove Inheritance tax from cheaper properties and CGT on modest gains altogether. They need to encourage buyers not frighten them away! they don’t If they don’t do this they are in a black hole because many people will not buy in Spain at any price. Italy is something different – a big difference is the absence of the confiscatory Inheritance Tax

[peterhun]

I think a far more effective method (than encouraging new buyers) is to tax the hell out of those owners already there.

Far easier.

[Chopera]

@Ptr wrote:

The Germans may decide its not worth paying the bills. The problem in Spain is the property market and unemployment. First they need to clean up the conveyancing system. Second they need to remove Inheritance tax from cheaper properties and CGT on modest gains altogether. They need to encourage buyers not frighten them away! they don’t If they don’t do this they are in a black hole because many people will not buy in Spain at any price. Italy is something different – a big difference is the absence of the confiscatory Inheritance Tax

The problem with Spain is that the economy has been too dependent on the property market. The solution is to do nothing: let it find the correct level so buyers will start buying again, and in the mean time encourage other industries instead.

[Author]

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