Relevant:
- Spain jobs woes deepen as unemployment rate hits 25pc
- Here's Everything You Need To Know About The Rapidly Approaching Crisis In Spain Read more: http://www.businessinsider.com/spain-crisis-downgrade-2010-4#property-boom-spain-experienced-a-property-boom-larger-than-the-us-and-uk-1#ixzz0mQZVbIRL
- Over 20% of All Real Estate Loans in Spain are Delinquent; Construction Firm Delinquencies Ended 2011 at 17.65%; Late Payment on All Loans Ended 2011 at 7.61%
- Europe Is Sliding Back Into Its Own Past
- Spain Underplaying Bank Losses Faces Ireland Fate
2012-11-15 — ml-implode.com
In Spain, it's not the "irresponsible borrowers" that are causing the problem, instead it's Spain's "irresponsible real estate developers and construction companies" that are at the root of all economic evil. Sí, es verdad.
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