Spain faces high unemployment and slow growth. This paper focuses on an important source of those problems, namely its housing market. While some adjustment has occurred since Spain's housing bubble burst in 2008, the authors find that house prices and construction need to decrease more to slow Spain's unsustainable accumulation of foreign debt.
Cinzia Alcidi is LUISS Research Fellow at CEPS, and Daniel Gros is Director of CEPS.
Browse through the list of related publications.
Launching a G7 fund for Ukraine’s recovery
Why the EU’s defence awakening must be matched by economic coherence
What it is, why it matters – and how it could cause a major headache for the DSA
Uptake, opportunities, challenges, and a way forward
Representation and narratives in the European Commission, the European Parliament and civil society
Roundtables in Asia, Europe, and Latin America
