The global economic slowdown has been accompanied by some pretty horrific real estate stories. From Dublin to Madrid to Dubai house prices have crashed, leaving investors spooked. So is investing in property still viable? If so, where are the next property hot spots? Laura Baines and guests discuss.
With a gloomy economic forecast, deteriorating asset quality and the government's cost-cutting austerity plans, Spanish banks' bad debts have reached a record 14-year high, according to the central bank.
Fitch Ratings on Thursday slashed Ireland's credit rating three notches due to the costs of salvaging the banking system. Pat Cox, former president of the European Parliament, says poor public policy in the last decade helped fuel the Irish crisis.
It was the mother of all gaffes and cast the Prime Minister as two-faced and insincere. All of today’s British dailies lead with Gordon Brown’s “bigot” comment in reference to the now infamous Gillian Duffy, a pensioner he was filmed having a frank but friendly conversation with just moments earlier. THURSDAY, 29th APRIL 2010
Iceland's parliament has approved an amended bill to repay more than $5 billion to savers in the UK and the Netherlands who lost their money when the island's banks collapsed during the financial crisis.
Standard & Poor's was the second international ratings agency to lower Greece's long-term credit rating this week. It warned that the rating could drop further if the government failed to reduce public debt.