The only place success comes before work is in the dictionary
DER SPIEGEL February 05, 2013 – 05:34 PM
Lately, the euro crisis seemed to have been fading into the background. But corruption allegations in Madrid and the potential comeback of Silvio Berlusconi in Rome have investors nervous. Interest rates on Spanish and Italian bonds have ticked upwards as a result. there are, to be sure, several promising indications that the euro-crisis may be easing its grip on the European common currency area, particularly since the European Central Bank vowed last year to buy unlimited quantities of sovereign bonds from crisis-stricken euro-zone member states.
A new indicator emerged on Tuesday. The euro-zone purchasing managers’ index calculated by the financial information group Markit, a closely watched indicator of market activity, rose in January to a 10-month high. The group indicated that both the manufacturing sector and the services sector in Europe have climbed from the depths of their crisis lows.
The question that has arisen this week, however, is whether the recovery, as fragile as it might still be, is strong enough to ward off political strain in Italy and Spain. Investors this week would seem to be unsettled. Even as Madrid pulled off a successful debt auction on Tuesday, interest rates on 10-year bonds from both Italy and Spain began climbing again this week. Rates on Italian bonds rose 12 basis points to 4.45 percent whereas the rate on Spanish bonds climbed 19 points to 5.39 percent.
Both rates are well below the dangerous levels seen last year. But political developments in the two countries appear to have generated concern among investors over whether Madrid and Rome will remain on the path to economic reform.
Is Berlusconi Back?
In Spain, concerns have centered on corruption allegations levelled at the party of Spanish Prime Minister Mariano Rajoy. Members of his Popular Party stand accused of having received undocumented payments in the form of envelopes full of cash from a wealthy Spanish businessman in return for public contracts. The scandal came to light in 2009, but has gained momentum in recent weeks as newspapers in the country have published previously unknown details. Concern over his political staying power — and simultaneous doubts about the irreversibility of the austerity measures his government has introduced — have heightened as a result.
In Italy, meanwhile, unease is rising ahead of national elections set for Feb. 24. In particular, former Prime Minister Silvio Berlusconi’s rising poll numbers have many fearful that he could once again take the reins in Italy and pull the plug on economic reforms passed by outgoing Premier Mario Monti.
The concern is far from idle. A flurry of recent television appearances has vaulted the 76-year-old media tycoon back into the national limelight, reminding many of the financial and economic chaos which led to Berlusconi’s departure from the political stage in 2011. Furthermore, Berlusconi issued a pledge over the weekend to revoke an unpopular property tax and to reimburse some €4 billion to those who have paid the tax imposed by Monti. Given Berlusconi’s rather dismal record as an economic reformer while in office, his potential return has increased market skittishness.
When it comes to Italy, however, there is at least some cause for hope despite Berlusconi’s return to the headlines. According to a survey released on Monday evening by pollster Demopolis, more than half of Italians do not believe Berlusconi’s tax promise. Furthermore, Berlusconi came in as the least credible on tax policy of all political leaders in the country.
cgh — with wire reports
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.
View my listings at:
Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily
Follow me on Facebook:
Follow me on Twitter:
Follow Me on Linkedin:
Follow Me on Google+
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial and Landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
In my opinion we are at or near the bottom of the cycle in Commercial Real Estate in Phoenix and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME. IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.
Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales. I have been working with banks for many years – I learned how to work with them.
If you have any questions about the 1 to 3 above, about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Walter Unger CCIM
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Office : 602-445-4141
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.