21 Apr 2012 12:38 PM:

Agree that its a big 'If' but I would guess that if Greece is finally recognised as being in default and reverts to the Drachma, the other PIIGS countries will start to follow. So...all the debate is about mortgages but, I am in the situation where I've been in dispute  with the builder for some years and  have not yet completed.  If Spain did find itself having to revert to the peseta, from the preceding discussion, I presume that the balance required to complete would be converted to pesetas and drop in value (therefore cost to me) as outlined above.

Having said all that, I guess if the Euro starts to fold, the propert market in Spain might be the least of our worries!

Thread: What would happen to a Euro mortgage, if Spain dropped the Euro?

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