Stig Östlund

onsdag, november 24, 2010

Amid Bailout Dangers, Spain Poses Biggest Risk

Very interesting >>   http://www.nytimes.com/2010/11/25/business/global/25spainecon.html?pagewanted=1&_r=1&nl=afternoonupdate&emc=aua22

(The euro zone survived the bailout of Greece this past spring, and Ireland’s application this week for financial aid should be just as easily absorbed. Even if Portugal becomes the third euro country to request a rescue, that is unlikely to break the bank. But any bailout request from Spain — with an economy twice the size of the other three combined — could spell game over for the European single currency project.)

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