Spain: who is responsible for the property bubble? - Credit Writedowns
Spain: who is responsible for the property bubble? - Credit Writedowns
As recession takes hold, European citizens are starting to ask questions about how they were led into this, the deepest downturn in three-quarters of a century. The leading Spanish daily El Pais published a very thoughtful article today asking how things had unravelled so quickly and so spectacularly in Spain, previously one of the fastest growing economies in Europe.

