The hope is that the authorities will use [the hiatus caused by the bust] to introduce laws and controls that will respect European norms including the rights to private property, the protection of the environment, public contracts, etc. and to streamline and improve the cumbersome laws and court sytem. That may be too much to hope for but, until progress is made in these directions, the future of the property market will continue to have an overhanging black cloud and a difficult future.
Read the whole thing. It would be interesting to have perspectives from other jurisdictions whose citizens have large investments in Spain. Germany, for example.
- Do traders prefer blondes?
If the UK’s worse hit than Spain, how come there’s less fear in the markets of it defaulting on its sovereign
- The official contemporary British take on 1714
A summary of the statement made to the Commons in April 1714 (History and Proceedings of the House of Commons :
- Spanish justice
John Pawlenko’s excellent Chupa Chups exposé is turning into the longest post in the world (scroll to 27th Sept), but you
- Simple fix for Spain’s poverty crisis
Gypsy clans living on an old dung heap north of Granada may have the answer.
- Fishy talk
I recently referred to Un deliri de mar, an abysmal novel–it’s about a dreamy descent into the chasms and crevices of