26/03/2013 00:00
T O the Spanish authorities with their new ruling which calls for everyone who is resident in Spain to declare their worldwide assets. The move could mean that foreign investment, which Spain badly needs at the moment, is halted and foreign residents move elsewhere. It could also be illegal as it could break European Union law. Now, is the time to welcome foreign investors not to try and scare them away so they go elsewhere. It could be a very hefty mistake.
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