No One Expects the Spanish Revolution? | 102 comments (102 topical, editorial, 0 hidden)

Re: No One Expects the Spanish Revolution? (none / 1)

Spain has 300% of GDP private debt. And from these at least 200% are real estate debts.

This is what "the left" is all about. Party for bankera and oligarchs.

by kjr63 on Fri May 20th, 2011 at 03:26:53 PM EST

Re: No One Expects the Spanish Revolution? (4.00 / 2)

"And from these at least 200% are real estate debts."

Really?
Financial debt is 80-90%. This should mostly be from banks to other banks (or insurance companies), not real estate. Then household debts are similar, around 80-90%, now this should be real estate mostly. Are you suggesting that ALL non-financial business debt is real estate?

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Fri May 20th, 2011 at 03:47:20 PM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (none / 1)

I understand, most of non-financial debts are construction business debts. Very hard to find data, however.

by kjr63 on Fri May 20th, 2011 at 04:01:42 PM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (none / 1)

Or maybe not. The problem is that several spanish corporations (some of them building companies) were buying things in Europe with debt (aka, London airports, etc.)

by kukute on Fri May 20th, 2011 at 05:23:45 PM EST
[ Parent ]

Re: No One Expects the Spanish Revolution? (none / 1)

"(aka, London airports, etc.)"

Same thing. Rent-seeking, not productive investment.

by kjr63 on Sat May 21st, 2011 at 04:55:01 AM EST
[ Parent ]

No One Expects the Spanish Revolution? | 102 comments (102 topical, 0 editorial, 0 hidden)

Top Diaries

Energy (and Other) Events Monthly - October 2023

Ireland 13 South Africa 8

UNGA: West Censors the South and East

EU VDL State of the Union -- Managing Decay

Rugby World Cup 2023 Week 1 review

Reactionary Visions and eNtiTiES

Sovereignty 2040

Recent Diaries

Energy (and Other) Events Monthly - October 2023

UA Laboratory NATO First Space War

United Nations In Stalemate Position

Biden's Headache in Middle East: Israel

EU as Client State of Joe's America

Canada's Trudeau Honoring an Ukrainian Nazi Collaborator

Ireland 13 South Africa 8

UNGA: West Censors the South and East

A Tale by Benjamin Franklin

Fail in Democracy Return to Authoritarianism

Yemen From Ceasefire to Peace Talks?

Huge Cost Proxy War of Choice

EU VDL State of the Union -- Managing Decay

Reactionary Visions and eNtiTiES

Top Military War Planning Under Joe Biden - Ukraine

Rugby World Cup 2023 Week 1 review

Joe's Fuck the EU -- Showdown

Modi G20 One Earth, One Family, One Future

Conflict In Syria's Deir Ezzor Province

Sovereignty 2040

Occasional Series