Spain: Foreign banks flee Spanish property debt

Written by admin on April 6, 2008 – 6:49 am

International banks are scrambling to sell their holdings of Spanish mortgage debt at a steep discount, fearing that the country may be sliding into the worst economic downturn in its modern history.

» Foreign banks flee Spanish property debt – The Telegraph, 5th April 2008.


Posted in Australian economy | Comments Off

Comments are closed.