Reply To: Spain and UK seem to be competing for biggest fall in ’09




things look pretty bad for both, but i think Spain will take longer to recover. The UK’s problems are i think very much part of the worldwide crisis, i think the basics are still sound in the UK though? Spain was heading for a disaster anyway due its corruption/lack of regulation/justice, which has resulted in losing much of probably its biggest incomes. Tourism and building. Until Spain accepts it’s problems and acts on them, its hard to see much recovery on the costas at least. I guess areas that don’t depend on the recent boom in building/tourism might fair better?