Re: Re: Spanish Property Information

#102363

ozmunky
Participant

@katy wrote:

Do you mean Ocean as in Ocean Estates…the ones who sold lots of illegal properties and others which never got built:shock: Will we be hearing that MRI are back next đŸ˜†

What news do you read, maybe the Euro won’t crash but it’s certainly not looking good. So they have managed to borrow some money at double the interest rate of last year. Today the world bank issued warnings to the Eurozone.

Yes, Portugal and Spain have raised €4.5BN between them so far this week with healthy over subscription of about 2 times.

Question is, can this continue for the rest of the €560BN they have to raise just in 2011 to keep the lights on ?

People are saying that China and Japan will be buyers — except they are using their € reserves for buying and not their native cash, and their € reserves are modest.