Thursday 22 February 2018

Why a cut in interest rates will push up mortgage costs for first-time home buyers

European Central Bank (ECB) president Mario Draghi
European Central Bank (ECB) president Mario Draghi
David McWilliams

David McWilliams

What better city for a football lover to be in this week than Madrid? I have always loved Spanish football commentary. Even though I haven't a word of Spanish, I love the rapid-fire speech, the dramatic rolling Rs, the intensity and pace of the commentators and of course, the demented celebrations when a goal is scored.

As the locals here in Madrid gear up for the Champions League final between Real and Atletico on Saturday, the only talk is of the game, its significance and how it sets up Spanish football for the World Cup where they are defending Champions.

Spain has an extraordinary record having won the Euros in 2008 and 2012 and the World Cup in 2010. The national team is not the force it was in 2010, but no one in Europe can deny the dominance of Spain over the past decade.

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