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Unfinished buildings due to the crisis in A Coruña.. The residential real estate bubble saw real estate prices rise 200% from 1996 to 2007. [19] [20]€651 billion was the mortgage debt of Spanish families in the second quarter of 2005 (this debt continued to grow at 25% per year – 2001 through 2005, with 97% of mortgages at variable rate interest).
On 19 June 2014, Letizia became Queen of Spain with her husband's accession as Felipe VI; as such, she holds the style of Majesty. [57] She is the first Spanish-born queen consort since Mercedes of Orléans, the first wife of Alfonso XII, in 1878. [58] She is also the first Spanish queen to have been born as a commoner. [23]
The country's business lobby Circulo de Empresarios warned of a "high probability" that Spain's economy would fall into recession in the second half of 2008 due to the housing collapse. [14] Spain had a 7.9 percent decline in retail sales in June compared to the previous year, the largest drop since Spain began registering the results and the ...
When Queen Elizabeth II of England asks a question, she gets answers.During a visit to the London School of Economics in November, ... meaning Britain's recession.Her Majesty got her ...
Carlos Alvarez/Getty Images. Queen Letizia, aka Letizia Ortiz Rocasolano, is the wife of King Felipe VI of Spain. After marrying her husband (formerly Prince Felipe of Asturias) in May 2004, she ...
Isabella II (Spanish: Isabel II, María Isabel Luisa de Borbón y Borbón-Dos Sicilias; 10 October 1830 – 9 April 1904) was Queen of Spain from 1833 until her deposition in 1868. She is the only queen regnant in the history of unified Spain. [1] [n. 1] Isabella was the elder daughter of King Ferdinand VII and Queen Maria Christina.
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
The president of the Chambers regretted that the Spanish financial system did not admit the impact of the crisis on their assets; the Bank of Spain affirmed that it was the responsibility of the whole financial sector: "In Spain, it was never wanted to recognize that the financial system was not in good shape, as this would have forced the ...