№267. The Spanish Hangover
№267. The Spanish Hangover
Author(s): Daniel Gros, Ciniza Alcidi
Subject(s): National Economy, Economic policy, Government/Political systems
Published by: CEPS Centre for European Policy Studies
Keywords: Spain; foreign capital; Financial system; Housing prices;
Summary/Abstract: What is the problem in Spain? It started with a classic housing bubble financed by foreign capital, and as a textbook would predict, once the inflow of foreign capital stopped and the bubble burst, unemployment soared and the financial system went bust as well.
Series: CEPS Policy Briefs
- Page Count: 5
- Publication Year: 2012
- Language: English
- Content File-PDF