Eye on Spain

Keep an eye on Spain. Over 40,000 estate agents have already shut theirdoors, according to the realtors federation. There are 600,000 unsold homeson the market. Unemployment is rising at a rate of 90,000 a month(seasonally adjusted). UBS says country has built up cross-borderliabilities of $362bn, much of it owed to German and French banks, and isfacing a foreign "funding freeze".