The story of our adventure in Spain
In October 2002 we purchased a holiday flat in Guardamar on Spain's Costa Blanca - not far from Alicante and Torrevieja and we try to spend a good part of the year in Spain.
This blog hopefully will contain our thoughts and impressions of Spain - the good and the bad and lots and lots of photographs of not only Guardamar but the rest of Spain as we eventually get to explore it.
Sunday, 10 June 2012
Spain's finance minister has confirmed that they will seek financial aid to help prop up the ailing banking system.
Madrid insists that this is not a rescue and not all banks need money.
A formal request has not been made but her eurozone partners would be prepared to lend them up to 100bn euros. Two independent audits of the banking system should be published 21st June and that will reveal how much cash is needed.
We home owners will now have to wait and see what happens next to property values and taxes.
Watch this space.....