For those just tuning in, this was Part I.
October 19, 2007
Rafael Pacheco vs. Ash
You cannot speak of a crisis. - Rafael Pacheco, Housing Director, Spanish Government
Look, maybe I didn't say every tiny syllable, no. But basically I said them, yeah. - Ash, Army of Darkness, 1992
This is Part II.
'Insane' fears plague Spain
The Spanish prime minister José Luis Rodriguez Zapatero, angrily dismissed the rumour as “complete insanity”. Speaking in Brussels, he also worried that market rumours were damaging his country’s interests, calling them “absolutely intolerable”. The IMF also strongly denied the rumour.
Oh that's just what we call pillow talk, baby, that's all. - Ash, Army of Darkness, 1992
Politicians believe that massive EU-IMF bailout has helped the banks because it has reduced the likelihood that Greece will default on its debt, leaving them facing massive losses on their holdings of Greek bonds. As a result, the politicians believe the banks should reciprocate by continuing to lend to Greece.
Maybe. Just maybe my boys can protect the book. Yeah, and maybe I'm a Chinese jet pilot. - Ash, Army of Darkness, 1992
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
10 hours ago
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