Since longer-maturity bonds offers higher yield in the current market, this kind of debt is mostly purchased by mutual funds, which want to offer a high-yield product to investors.
Despite current economic difficulties, Spain's political system has generally demonstrated greater maturity in recent decades when compared to other Mediterranean states in the European Union.
And as to your point, I think disclosure will help people understand the real values so that you put a number on what you think the current present value of this asset is, based on the probability of holding it to maturity.
Oh casts our current state of affairs as lying somewhere between Analyst 1.0, the state of maturity that the last generation of tools got us to, and Analyst 2.0, the eventual state in which big data will be much easier for a wide group of people to use.