Spain forecast to reach 25% unemployment in 2010

Discussion in 'Wall St. News' started by Daal, Apr 3, 2009.

  1. Daal


  2. Good to know. At some point in the not too distant future those EUR 5m Marbella 5000 sqft mansions will go for 2m EUR as Spain will be slowly transforming back into the wasteland it was pre EU/1980.
  3. Daal


    That would be a 10% jump, if that 'Okun Law' is any right, it would imply a -20% GDP below potential. Sounds like a great depression

  4. And you thought USA was overbuilt. They were completely out of control in Spain building homes everywhere and massive corruption drove alot of it. Ruined alot of nice areas.
  5. oriol88


    Spain will soon become the first exporter of immigration, the best and the brightest...
  6. Preview of downtown Barcelona, 2015