colinrealestate

The recession in Spain and projections of rising unemployment in the Eurozone is resulting in wide spread marches involving thousands of protesters in 55 cities. Spain is the next country looking to require a bail out with a large fiscal deficit (8.5% GDP).

France and Greece are facing elections which may prove to be an opportunity for protesters to express their frustration within these countries.

Lessons from Europe need to be heeded on our side of the world. The New Zealand government needs to address austerity measures because it’s best to address your fiscal position before you’re up against the wall.

Filed under: REAL ESTATE | Tagged: Real Estate