16.04.2012 - Global housing worries spur calls for fixes
Four years after a deflating U.S. housing bubble sparked a global financial crisis, housing worries in the U.S. and other countries are weighing on the world economy. In Spain, the latest euro-zone nation to trigger tremors in global markets, households and banks are struggling with the fallout from the bursting of their own property bubble. Chinese policy makers are trying to cool their country's housing boom so it doesn't damage the world's second-largest economy. And in the U.S., the hobbled housing market continues to hold back the economic recovery...............................................Full Article: Source
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