Reply To: new BBC video about spanish property slump

#83192

Anonymous
Participant

Hi Peterparra,

Yes, a good one indeed. It clearly demonstrates how a housing crisis affects our standard of living and can plunge any of us into financial disaster.

If Spain was outside the Euro, the Government would probably be cutting interest rates hard by now. As it stands, they can do nothing other than watch asset values fall and unemployment rise.

Could this be the beginning of their Euro exit?