Re: Re: Complacent Europe must realize Spain will be next


pleasent read brianc_li. The term construction sector is used generally in most circumstances. However the debt that is being carried by a Developers in my opnion would be much, higher than indiviuals. Juan, Maria or Smith’s mortgage by their number should not be hurting the Banks Balance sheet as much as the Developers. I wonder if some one can have excess to this breakdown.

I understand the effect will be the same as far as the market is concerned.