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State responses to the Spanish construction slump
Skip to: comments (0); categories; related posts; previous/next postThis excellent piece by Mr Butler provides background to Deutsche’s warning on Spanish mid-table banks and illustrates the eternal perils of investing in real estate in Andalusia–unless you happen to have Manuel Chaves’ mobile number. It will be ghoulishly interesting to observe whether interventionist regions fcuk up better or worse than the ones that still haven’t worked out what’s happening.
Trevor @ 14 May 2008 9:13 PM
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