Eugene David ...The One-Minute Pundit |
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Sunday, August 14, 2011
Spain's 8,115 municipalities are being hit by a crushing revenue hangover from a nearly two-decade building boom that went bust in 2008. [Emphasis added]
Blame the miracle in Barcelona? No. But Spain, like the UK, was once a proud kingdom that straddled the globe, and it too had an economy with no tether, and leaders with no leadership. (Via Seeking Alpha)
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