The latest bail-out of the Spanish banks is a disgrace. It’s another blatant attempt to save the banks without helping the real economy. Find out more in this weeks post and find out more by going over to Stirring Trouble Internationally, Mario Lopez explains things there a lot better than most.
Spain recently has been all over the press because people in Spain have been worrying about the economic situation. They also many of them worried about the Euro. Some of them were a bit concerned about the banks being bailed out again. Some of them were right to be concerned about the way the economy works. However everything like Greece is safe for Spain. According to Mario Lopez everything has been fixed by another big loan for banks these injections into the system are said to really help.
Spanish banks are getting a huge bailout from the European Union while the rest of the economy will be allowed to continue going down. You can go over to Stirring Trouble Internationally and read all about it there and much more news about what’s happening around the world, in Europe and Spain.
- Hurried Spanish banking bailout fails to calm market nerves (guardian.co.uk)
- Malta to guarantee €100m in Spanish banking bailout (timesofmalta.com)
- A Bigger Bailout Awaits (economistsview.typepad.com)
- Post 100B EUR Spanish Bailout Announcement -Forex Trade Update (forextradegains.wordpress.com)
bailout, farce, injections, Spain