Thanks for that Richie.
Most certainly things are not looking good for the Spanish economy right now and it would seem that things have to get worse before they get better.
Some Good News at Last?
Bloomberg.com reported an increase of 3.2% in the offer price for new listings in the UK during February, after the second interest rate cut in 4 months.
For sure they still have to sell them but at least it shows a more positive outlook.
The Bank of England have also said that further cuts are possible as the economy slows and banks cut down on loans.
Read the full article here
Quite likely now we will see further falls to interest rates in the Euro Zone, otherwise further falls to the value of £sterling will occur.
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