State responses to the Spanish construction slump

Trevor @ Wednesday May 14th 2008 21:13

This 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.

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Categories: Les bourgeois, Splog

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