22.11.2011 - How to fix Spainís real estate problem
Spain is suffering from a real estate hangover. One of the biggest problems facing Spanish banks is what to do with the real estate loans and foreclosed properties left over from the construction boom and bust. Now the opposition Peopleís party, which is expected to decisively win elections on Nov. 20, is said to be mulling the creation of a state-backed bad bank. Such an approach has been tried in Ireland with mixed success. It would be a high-risk strategy for Spain...............................................Full Article: Source
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