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September 18, 2007

Twin Housing Markets Quote du Jour

"[A collapse in Spanish housing] is completely out of the question. We have the good fortune to have one of the most efficient financial systems in the world."
Source: David Tagues, Spanish Prime Minister's Economic Research Unit

"Spain is like the U.S. on speed when it comes to the housing market."
Source: Diana Choyleva, Lombard Street Research

[via Bloomberg]

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