Wed, 30 May 2012 10:26:04 GMT
Growing tension lies in the future for Spain
Despite the obvious concerns regarding
Spain's means to fund the recapitalization on its 3rd largest bank Bankia,
there are other areas building even stronger anxiety. Some of these include approximately 2 million unoccupied
homes, growing unemployment rate of 25%, which has already reached its peak in
Europe, continuously slumping economy as well as declining by 17% municipal budgets. Moreover, Desmond Lachman believes that Spain being the