Spanish Crisis in a Nutshell

There’s a great post on the spaineconomy blog, run by Edward ‘the bonobo’ a Catalan economist of British extraction based in Barcelona, which explains the current economic situation.

http://spaineconomy.blogspot.com/2008/11/spanish-crisis-in-nutshell.html

He makes 3 points to explain why the Spanish crisis has occurred:

1. Sudden Stop In Bank Lending In August

2. Spain’s Current Account Deficit Reducing Slightly

3. Negative Interest Rates For Far Too Long

What do you think? Tell us beow in the comments section…

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