Yesterday, the Daily Telegraph published a thoughtful article on the Spanish banking system saying that the national market for mortgage-backed securities has shut down.
The major Spanish banks and savings banks are making major borrowings direct from the
European Central Bank (ECB). There is concern about the Spanish property market, which I think is way overpriced. The market for costa properties has stopped functioning and there is going to be a bit of a bust after so many boom years.
However, it is still a great place to live!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment