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Olduvai III: Catacylsm
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Banks & Builders Want New Property Bubble In Spain, Government Obliges

Banks & Builders Want New Property Bubble In Spain, Government Obliges “This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk loan instrument that notoriously helped fuel Spain’s madcap property boom. For […]

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The Banking Crisis in Spain is Back

The Banking Crisis in Spain is Back The shares of Banco Popular got crushed. After three years of relative calm and one month before yet another round of do-or-die general elections, the words “banking” and “crisis” are back on the front pages of Spain’s newspapers. Despite the untold billions of euros of public funds lavished on “cleaning […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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