Izbrani forum: Nepremičnine
Izbrana tema: Nepremicninska implozija v Spaniji
Strani: 1
sporočil: 48.253
http://globaleconomicanalysis.blogspot.com/2008/04
/housing-bubble-bursts-wide-open-in.html
The root cause of the crisis is in a sense Europe's monetary union. The euro effect halved Spain's interest rates almost overnight. Rates then fell below Spain's inflation rate for several years, fuelling an explosive credit boom. The country's current account deficit has reached 10pc of GDP, the highest of any major economy.
The root cause of the crisis is in a sense Europe's monetary union. The euro effect halved Spain's interest rates almost overnight. Rates then fell below Spain's inflation rate for several years, fuelling an explosive credit boom. The country's current account deficit has reached 10pc of GDP, the highest of any major economy.
Strani: 1
