Tuesday, February 24, 2009:

From the Daily Telegraph (are we surprised), but could it actually happen

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4782749/Will-Germany-deliver-on-the-Faustian-bargain-that-created-monetary-union.html

 

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12 Dec 2008 9:49 AM:

Don't forget UK tax

If you rent out your Spanish appartment or house you will have to declare any income to the UK tax authorities as well as the Spanish.

Do not ignore this as there is now fairly close cooperation between the two tax authorities and the Revenue scan the letting adverts.

YOU have been warned

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05 Aug 2008 10:58 AM:

Very gloomy outlook for Spain now confirmed by their Government ministers

See Telegraph

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/05/ccspain105.xml

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22 Jul 2008 12:21 PM:

Back to topic and reality

Spain's finance minister has finally admitted  that his country faces the worst economic crisis in its history as the full effects of the property crash take hold.

"This crisis is the most complex we have ever lived through given the plethora of factors on the table at the same time," 

Goldman Sachs has issued "sell" recommendations on a clutch of Spanish banks, including Bankinter, Banco Popular and Banco Sabadell, warning that the sharp turn in the credit cycle could prove worse than the recession in the early 1990s

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Friday, July 18, 2008:

From the Daily Telegraph

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/15/ccspain115.xml&CMP=ILC-mostviewedbox

Is the Spanish economy and are the Spanish banks in this much trouble. Having recently returned from a holiday break on the CDS it would appear so.
The restaurants which last year were packed are no where near as busy. Many shops in the towns have gone out of business and all one sees is resale  signs on the developments.
Property prices in the agents windows seem to be at least 25% to 30% below there original selling price.

What do others think. 
Is Spain and its banks heading for a major crash ?


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