What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on December 28, 2010.
Learn more about SpinDistribute Article Distribution System.

Spain Faces National Bankruptcy

Article Category: Business Management

Author Name: Amanda xzh

Cost of debt financing in Spain increased by 18%, the same as Ireland faced a debt crisis. Once the real estate boom in Spain over the country have left many unfinished works. The real estate agency had engaged in the development of money is bank loans, these loans have now become bad debt.

Spain faces national bankruptcy

November of this year, the cost of debt financing in Spain increased by 18%, so that investors daunting. But the potential loss of far more than this number, Spain is Europe's fifth-largest economic entity, to help its implementation, to spend the money than Ireland, Greece, much of these small countries, the Spanish economy collapse, against the euro will be enormous.

Bank of Spain said that domestic banks into 5800 billion dollars of real estate, there are 240 billion problem, but the situation is still the banks to cope with the range. The credibility of this statement is not very high, because the Spanish bank transparency is not as high as U.S. banks.

Do not sell off a large number of house

In the past decade, land prices in Spain rose by 5 times the year 2007 alone, there are approximately 80 million new houses completed, 400 million immigrants waiting to buy. Construction industry accounts for the year 12% of GDP in Spain, Britain and France doubled, while the construction industry that makes a lot of job opportunities.

But overnight, the market suddenly disappeared. Immigrants returned to their countries, the Nordic people go on vacation stopped to buy a house, once the Spanish unemployment rate rose to 20%.

Spanish officials now say the worst is over, but the prices dropped 12.8% from the peak. Capa said Vice Minister of Finance, control prices in the event the policy has been the role. However, these claims remain in doubt.

In fact, the development of the regional real estate agency in Spain, are areas of low demand housing in the southern coastal city, all of the original wooded hillside into a house, but the house is empty.

Banks and developers are no longer sweet

On the number of vacant properties, in Spain does not have a unified view. Madrid Home Builders Association, Xi Jialin more recently pointed out that the most famous of the housing agency Tinsa estimated 1 million Madrid real estate for sale, but the government figures it is 5 million units.

Banks and real estate developers in the real estate boom, "sweet" relationship is gone, banks are reluctant to lend to real estate agency clean up unfinished house. The single greatest headache for banks is that the loan has been taken away, but has not yet begun to build a house of the land owner. In the real estate boom, banks lending to real estate agency was linked with the land, there to be able to credit the money. In Spain the country have been developed but not yet approved the development of land, enough to build 758,000 house, in the market digest the land, the Spanish economy over the winter is possible.

Yerbys town only half an hour away from Madrid by car, real estate development over a few years ago to make this little place the emergence of a large number of real estate --- neat row of houses more than 250 "shop" on the hillside.

However, most of these houses have never been sold before. Although only 3 years old, many houses are already in disrepair: the walls began to fall, the room of all valuables, including water pipes, radiators, doors and so on has been stolen ... ... very small number of owners living here, must keep a dog theft. These basic uninhabited town, called "ghost town."

Sese Virginia south of Madrid in Spain's most famous "ghost town", there are 12 suites of more than 2,000 street children are vacant, the occupancy rate of the other house, only less than half the house's first floor was originally used for shops, now all sealed up with bricks.

Spain's housing boom has had many social and economic reasons: a large number of "after 70" "80" married adults, single parent families or families without children increased makes the average household population decline, increased demand for housing. With Italy, Greece and other countries a interlinked phenomenon is that Spaniards have a strong preference to buy a house, not like renting.

Spanish economy as the most important to buy a house, light the cost of renting the policy lies, rent inconvenience caused in the regions of labor can not flow freely, so that Spain's high unemployment even worse.

Keywords: foam core board,crystal pendant lighting,

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.