Raising Rates Too Quickly Could Transform the Spanish Debt Crisis into a Meltdown

By Barbara Zigah (eToro Blog) Spain is the largest of the Eurozone's “troubled” economies. One of the key reasons that the country is in its current fiscal condition is the housing sector. The Spanish housing market had experienced a decade-long boom, when housing starts surged and housing prices tripled.  But then, in early 2009, the [...]