Spanish Housing Bubble (26 images)

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Created: 25 Jun 2012     
The construction industry has collapsed, leaving hundreds of thousands out of work. Overindebted home-owners face financial misery and have cut back on spending. And the banks are staring at a mounting pile of bad mortgage debts.All of which means that now - just like the UK - Spain's government finds itself borrowing and spending like crazy to stop its economy from collapsing altogether.
The estate developer Francisco Hernando Contreras, aka "El Pocero," (the Drain Man),...
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