Where to put your money??
Oct 19th 2008, 10:06 am
#31
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Where to put your money??
We have bought a few more Premium Bonds.
Oct 20th 2008, 12:12 am
#33
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Where to put your money??
We don't mind the loss of interest for the chance of a big win and they are as safe as anything can be these days.
Oct 20th 2008, 12:54 am
#34
Joined: Apr 2008
Posts: 1,433
Re: Where to put your money??
source........ http://www.independent.co.uk/news/bu...xt-965956.html
Spain
The Santander banking group might have gobbled up Britain's Alliance & Leicester and the deposit book of Bradford & Bingley, but the company is atypical of an economy which is being propelled toward a deep recession.
At the heart of Spain's problem is its property market. The boom times in Iberia have firmly ended, with defaults on property loans tripling in the past few months. There are more than 800,000 properties in the country sitting unsold and that figure is expected to tip one million by the end of the year. Spain's 45 savings banks have arrears in excess of €25bn (around £20bn).
Last week Spanish authorities passed laws guaranteeing bank debt issued up to the end of next year, amid fears that the drying up of wholesale lending markets could worsen.
The level of unemployment in Spain is one of the highest in the eurozone, while growth in the region is expected to slow to less than 1 per cent.
Spain
The Santander banking group might have gobbled up Britain's Alliance & Leicester and the deposit book of Bradford & Bingley, but the company is atypical of an economy which is being propelled toward a deep recession.
At the heart of Spain's problem is its property market. The boom times in Iberia have firmly ended, with defaults on property loans tripling in the past few months. There are more than 800,000 properties in the country sitting unsold and that figure is expected to tip one million by the end of the year. Spain's 45 savings banks have arrears in excess of €25bn (around £20bn).
Last week Spanish authorities passed laws guaranteeing bank debt issued up to the end of next year, amid fears that the drying up of wholesale lending markets could worsen.
The level of unemployment in Spain is one of the highest in the eurozone, while growth in the region is expected to slow to less than 1 per cent.
