The Pain in Spain Puts Euro on the Wane
I can’t top Mr. Mead’s title for snark, so I’m borrowing it out of envy. Juicy part:
It looks increasingly likely that the Eurozone will soon be forced to perform a Greek-style bailout of its fourth-largest economy. It’s not clear whether there is enough money to get the job done. Even if the money is there, there is no guarantee that Spain can or will comply with all of the conditions. If it can’t, the Spanish experience will look much like the Greek one—albeit larger and more threatening to the euro project.
Also, check out what’s being said in/about France. Good read.
This entry was posted on June 1, 2012 at 12:22 pm and is filed under Economics with tags Economics, Euro, Europe, Politics, Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.