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SubPrime claims its first Spanish victim (LLANERA) Telegraph

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- October 3, 2007 at 8:56 am #53206
  
  Anonymous
  Participant
  
  Sub-prime claims Spanish developer
  
  By Ambrose Evans-Pritchard
  
  http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/03/cnspain103.xml
  
  “The Valencia property developer Llanera has become the first high-profile victim of the credit crunch in Spain, declaring insolvency yesterday after failing to meet payments on €748m of debt…”
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