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