The EU seems to want to step in regarding empty properties

[AnonymousParticipant]

http://www.bloomberg.com/news/2013-05-12/spain-home-expropriation-plans-seen-violating-eu-bailout.html

I thought that the Spanish reaction was interesting. It seems that they want EU money but still think that they can do what they want.

D

[AnonymousParticipant]

Can you blame them.

[AnonymousParticipant]

@shakeel wrote:

Can you blame them.

Yes, actually. I think it’s a bit of a cheek to make an agreement to take someone’s money, and then refuse to keep the agreement that was made. It’s not as if they are even trying to re-negotiate. It seems that they are just wishing to ignore what they signed up for. I think it’s a very dangerous line to take, because I would imagine that a myriad of other practices that are against EU regulations have probably flown under the radar until now, and they are just drawing attention to themselves.

D

[ChoperaParticipant]

@daryl wrote:

http://www.bloomberg.com/news/2013-05-12/spain-home-expropriation-plans-seen-violating-eu-bailout.html

I thought that the Spanish reaction was interesting. It seems that they want EU money but still think that they can do what they want.

D

Highlights the problem with Spanish regional governments in particular. They’ve run out of other people’s money.

[AnonymousParticipant]

@daryl: I think you have not yet established the Spanish way of life from a home, small business, large corporate, regional governments, Central Government.

Just drive in south of Spain & you will notice the replacement of olive trees with solar panel ???, The Bank guarantee which is enforced against a borrower but not against the Bank etc.

[AnonymousParticipant]

@shakeel wrote:

@daryl: I think you have not yet established the Spanish way of life from a home, small business, large corporate, regional governments, Central Government.

I think perhaps you’re right.

D

[AnonymousParticipant]

sad, when one gets old one gets cynical !!!!

[Author]

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