Re: Re: Guardian article – Spanish Property Crash

#103761
Anonymous
Participant

Ardun, You also have to see that ones who are employed probebly half of them are on temporary contracts. Little chance that any Bank will lend them money to buy a house, car etc.

The situation has persisted as long I have been involved with Spain. The construction boom was a god send opportunity. Lack of wisdom, foresight on the part of the politicians, business leaders has resulted in the mess.

I even feel in the current situation a serious jolt to the system in bringing changes can deliver long terms benefits whilst the politicians can blame the crises, IMF, EU, Germany etc, etc. basically everybody accept themselves.