Spanish towns in hock as banks cope with $250B in bad loans
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Spanish towns in hock as banks cope with $250B in bad loans

Barcelona : Spain | Aug 11, 2012 at 6:38 AM PDT
Source: USA Today
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The 241 residents of the tiny northwestern Spanish village of Peleas de Abajo used to be proud of the fertile land and pine tree groves surrounding their red-roofed stone homes. But none of that belongs to them any longer. "Everything (the village owned) was confiscated and sold at auction," says Felix... FULL ARTICLE AT USA Today
 
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