Wednesday, February 20, 2008

Spanish property market slump deepens - Could this signal the death of the Euro

Spain's main opposition, the People's Party, claim that the country's central bank is telling lenders to conceal losses until after the March 9 general election (according to Spanish newspaper El Mundo). They suggest that several Spanish banks are facing problems as a result of loans 'granted without due care', and the Spanish property market slump deepens. Could this signal the death of the Euro?

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