Quote:
Originally Posted by Jinto
The demand for houses and estates in spain is low, yet they have an overstock of new build homes which they cannot sell. And still building more of them... just one example of the hows and whys that lead to this debt. Its not very likely that this part of the debt (building related) will ever be repaid (a part of it at best).
|
Firstly the country has to lift their image and invite more people to come to their country, then those homes will be filled.
What the country needs to work on right now is to reduce its dependence on just a single industry like Greece. Rich countries don't work that way.