Quote:
Originally Posted by Jesus H Christ
so if they didn't go over the 3% where would Italy and Spain be now?
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If the interest rates had gone up the way should, Spain's biggest problem, 'property prices' wouldn't have happened. they should have been double what they were to slow the market.
That's the trouble with a set euro rate, but then the government should do what they do in hongkong and set a maximum % you are allowed to borrow against a property, a great way of cooling the property market.