Doom Por Favor

[sunnysan]

So What

Damn right I say

Not like here where they would c0ck up a politically motivated package to "rescue" the company.

Its not in the governments remit to meddle in private sector, unless of course you can get votes by using taxpayers money. Sorted

[rootsnall]

The Spanish setup makes our bunch of EAs, solicitors, planners etc look like a rather nice bunch.

[Xenophon]

Muchos gracias.

[DimPrawn]

http://www.telegraph.co.uk/news/worl...-meltdown.html

Those buyers who have made down-payments on properties that they have not yet taken possession of could find themselves losing everything, analysts have said.

The warning came as Spain's largest property developer Martinsa-Fadesa filed for bankruptcy after failing to secure a loan as part of a 4 billion euros refinancing package.

The Spanish government has refused to come to the financial aid of the troubled property group, insisting that the private sector must be responsible for solving its own problems.