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The pain in Spain

机译:西班牙的痛苦

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The only question in Spain now is which bubble is bursting. Are only overvalued property companies in trouble, or is the country's entire property market going down? For the economy as a whole, in which construction weighs in at a hefty 18%, it could mean the difference between a soft landing and a hard one, after 14 years of a construction-led boom that put Spain near the top of the euro zone's growth league.
机译:现在西班牙唯一的问题是哪个泡沫正在破裂。只是高估的房地产公司有麻烦,还是整个国家的房地产市场都在下跌?对于整个建筑业占18%的经济来说,这可能意味着在经历了14年的建筑业繁荣之后,软着陆与硬着陆之间的差异使西班牙接近欧元区的顶部区的成长联盟。

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