Tag Archives: spanish debt

Spanish towns running out of cash and credit (14)

MORE THAN three years into Europe’s financial and economic crisis, the Spanish town of Parla has run out of cash and credit. “In the past four years we have lost 25 per cent of our income,” said José María Fraile, … Continue reading

Posted in Featured | Tagged , | Comments Off

Newly Built Ghost Towns Haunt Banks in Spain

YEBES, Spain — It is a measure of Spain’s giddy construction excesses that 250 row houses carpet a hill near this tiny rural village about an hour by car outside of Madrid. Most of these units have never sold, and … Continue reading

Posted in Featured | Tagged | Comments Off