Oi!
Spain: Not waving but drowning - bailout
Excerpt from: Spain: Not waving but drowning - bailout
Spain began this week in bailout territory. Despite the increasingly shrill warnings of imminent catastrophe from Madrid, the battle of wills between the Spanish capital and Brussels, Berlin and Frankfurt has managed to avert the hour of judgement thus far. But can they achieve the aim of preventing the fall of Spain before the second Greek election? Two days ago the auction of Spanish debt bonds was seen as the likely crunch point coming into the week. Spain started from the position of being past the 450 bps technical limit...Published By: Anarkismo - Saturday, 9 June, 2012