Debt drama in people's lives

Yesterday I had the chance to discover and interesting video about the dramatic implications of debt in people's lives.

The documentary is a recent production explaining the economical calamities of different highly indebted people living in Catalonia. This disturbing panorama helps you understand present crisis in Spain, mostly provoked by the frenzy of house owning, and tolerated by administrations as an easy way to earn money with a resulting short-time social progress, but with lasting repercussions (potentially as perdurable as a 40-years mortgage).

Taxonomy upgrade extras: 
Subscribe to RSS - economics