The Spanish economy and the budget in Spain

The Spanish economy and the budget in Spain

As expected, the draft budget in Spain announced on Friday has heralded further massive cuts to Spanish government spending.  Indeed, these cuts will amount to some 27 billion Euros, a figure that is as difficult to comprehend as the sheer size of the debt problem in Spain. So, what will these cuts hit? Well, virtually every aspect of the Spanish [...]

SPANISH PROPERTY CRASH – THE MARKET IS MORE COMPLICATED THAN IT LOOKS!

SPANISH PROPERTY CRASH – THE MARKET IS MORE COMPLICATED THAN IT LOOKS!

Of course, there is no denying that the Spanish property market is in deep trouble. Indeed, the problems caused by the Spanish property crash are, undeniably, central to the ‘crisis’ in Spain. Quite simply (as everyone now knows) far too many properties in Spain were built during the boom years. To compound this fact, promoters were lent absurd amounts of [...]