08 Apr 2012 8:41 PM:

 Very interesting reading your comments, and as one would expect from a forum such as this made up no doubt of people who have had a life times experience of work, and have been able to buy a place abroad, and can now look back with the benefit of hindsight draw your conclusions.The overall picture  taken from your views is that the straight jacket of a fixed Eurozone currency is never going to work. How Spain adopts a reverse gear and extracts itself from this cul-de sac is going to be painful and messy, but like a rotten tooth, it aint gonna get any better by leaving it in, so be brave bite the bullet and get it over with.I must say i agree whole heartedly with your comments. Cogratulations, you are a most learned group,Rahoy should put some of you in his cabinet!!!.

A haircut for the lenders to Spain,plus an extension to the repayment period, and may be the Nueva Peseta will be devalued heavily against the Euro and floated within a guaranteed minimum and maximum currency spread, so as to give a degree of confidence on where the new currency is going could be some of the wheezes the powers that be will have to impliment.

This is my first reply on Eyeonspain, i almost bought a villa in April 2011 in Almeria, i was 3000 Euros away from doing the deal,needless to say the property in question is still on the market,i bet the Spanish owner would bite my hand of now if i put my head above the parapet. But no way Jose, or in my case Francisco.So this cash buyer with 130000 E to spend is doing the waiting game. Interesting times.

Thread: If Spain did reintroduce the peseta...

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