Spain

Housing: US, UK and SpainBright spots in the housing nightmare - MSNU.S. Mortgage Rates Soar on Inflation Fears - Housing WireU.S. Existing Home Sales Continue Freefall - Housing WireOversupply killing U.S. lender giants and house prices -…

Spain had an unemployment rate of 10.4% in the second quarter of 2008, up sharply from 9.6 in the first quarter. The Spanish National Statistics Market said employment in construction jobs were particularly weak as the housing bust in…

While I don't agree with all the opinions expressed in the articles below, they are all still very good reads. Today, there is a lot more on politics. Warning: some articles may be controversial. Politics Why Jesse Jackson…

Top StoryWhy No Outrage? - James Grant, WSJ (A MUST read.)Jim Grant: "Why No Outrage?" - Naked Capitalism (Yves' take on the article, you've seen mine)Financial ServicesBanks responsible for the loss of trust - LA TimesA Call to Ease the…

Martinsa-Fadesa, a large real estate company in Spain has gone to the wall. As is usual, bankruptcy came in the form of a liquidity crisis, not as a technical bankruptcy. Below is a report from El País in Spain, followed by a report from…

The global economy is gripped by its worst financial crisis since the Great Depression. People are losing their homes and their jobs, banks are going bankrupt, and stock markets in the U.S. and elsewhere have fallen significantly from…

On the heels of a story about Spanish giant Santander buying Alliance & Leicester in the UK, it comes as good news in the marketplace that another Spanish giant, BBVA (Banco Bilbao Vizcaya Argentaria), is on the prowl as well.After…

Banco Santander of Spain is using the down market to snap up some UK assets on the cheap. It has announced the acquisition of Alliance & Leicester, the former building society which demutualised in 1997, for £1.3 billion ($2.6 billion)…

After a brutal week in the market, my goal is to find enough positive stories to compliment the negativity that is the global markets. These round-ups mirror what is in the business press and economic blogs of importance and most of it…

Spain pulled a potential sale for 15-year bonds as the appetite for the issue just wasn't there. Before the Euro, some in the European debt capital markets, where I worked, pejoratively called Portugal, Italy, Greece, and Spain, the PIGS.…