Connecting Businesses: Distressed assets & businesses, Spain., 4º trim. 2012
Great opportunities in times of crisis
Spain is going through its most severe economic crisis since joining the European Community in 1986. The credit crisis has crippled the local banks, loaded with mortgages on overpriced real estate and burdened by the governments’ need to finance the country’s increasing deficit. There is simply no liquidity left to finance smaller companies. Previously thriving companies are now struggling to survive with no sources of lending or funding available to them!