On the September of 16th, 2008, the President Rodriguez Zapatero familiarized the severity of Spain's macroeconomic scenario and clearly pointed to the offender in front of the Spanish Congress: "Let nobody doubt it; there is already a wide consensus about the beginning of the crisis: [It's] in the U.S. and its subprime mortgages."
During the previous eight years, Spain had gone through an extraordinary expansion that has had many important ingredients: current account deficit, home boom, financial and banking market regulation, immigration, and productivity growth. This case examines how they socialized during the period 2000-2007 and what drove the Spanish recession in 2008.
Spain Can the House Resist the Storm case study solution
PUBLICATION DATE: January 08, 2009 PRODUCT #: 709021-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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