Well, the bad news seems to keep coming for the Spanish economy in 2011 with confirmation of what I have been writing about over the past few months. Firstly, Spanish regional debt appears to be as dangerously out of control as national Spanish finances were before the Spanish national government of Zapatero imposed austerity measures. Indeed, a recent article in [...]
Spanish property and the economy in Spain
I was struck recently by an article in the New York Times entitled ‘Newly Built Ghost Towns Haunt Banks in Spain’ which, I think, nicely encapsulated, in an extreme, the problems that beset the economy in Spain. Certainly, the Spanish economy faces massive problems that revolve almost entirely around property – or at least the vast debts that accumulated during [...]





