Podemos Targets Goldman Sachs’s Speculation in Social Housing in Spain 2

Podemos vs. Goldman

Estéban Duarte writes for Bloomberg.com–The anti-austerity party Podemos, leading Spanish polls less than a year before the next election, is targeting Goldman Sachs Group Inc. (GS)’s purchase of social housing in Madrid, saying it’s a predatory type of investment that should be stamped out. Podemos is highlighting transactions such as Goldman’s 201 million-euro ($234 million) acquisition of rent-protected apartments as it works out policies to reduce inequality in Spain and draw millions of unemployed workers back into the labor force after a seven-year slump.

“They know that at a certain point the protected rents will expire, and when that happens, they will throw the tenants out,” Juan Carlos Monedero, a member of Podemos’s executive committee, said in an interview. “They are enriching people who already have more money than they know what to do with, and in turn they are forcing people to live on the streets.”

.

Read more on Bloomberg.com: Podemos Targets Goldman in Spain

Lloyd Blankfein GoldmanLloyd Blankfein of Goldman Sachs is delighted.

Advertisements

2 comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s