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Obvisoulsy, Mr. Sheldon is a smart man. Why Spain? Why will their economy improve anytime soon? Why would anyone invest into the Euro idea as of now? I know there will always be people with money who want to gamble, but this seems like a weird time.

However, "the time to buy is when there's blood in the streets." Perhaps Mr. Sheldon is a great contrarian,

Of note in Spain, you can't walk away from a mortgage, ever. The debt follows you around forever if not paid off. That is one of the reason, I doubt there will be any recovery anytime soon there. I don't know if companies are treated differently, but if the casino does go tits up.