Spain looks like it will be the next domino to fall in the Eurozone crisis

3 posts / 0 new

Over 100 billion euros have left the country in the first three months of this year – that’s more than a tenth of Spain’s GDP. Fears are growing that just like Greece – Spain will soon need a euro bailout. But unlike Greece – Spain is a huge economy – the fourth biggest in Europe – meaning a bailout would be a lot more expensive – and a default would be catastrophic for the euro.

Meanwhile in Ireland – voters took to the polls to approve a new EU treaty that requires Ireland and other Eurozone nations to meet budget deficit goals through brand new austerity measures. Polls indicate the treaty will likely pass – however results aren’t expected until this evening.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

Comments

And the European economic cancer will spread to the US.

lovecraft
Joined:
May. 8, 2012 11:06 am

I hope this doesn't mean that Desigual is going to close.

nimblecivet's picture
nimblecivet
Joined:
Jul. 31, 2007 3:01 pm

Latest Headlines

One Iowa Caucus Delegate Comes Down To Coin Toss

The Iowa caucus convener flipped a coin. Bernie Sanders supporters called "heads" and it landed on tails.

Bernie Sanders leads Hillary Clinton by 31 points in N.H.: Poll

Sanders was at 61 percent support in the University of Massachusetts Lowell/7News poll, followed by Mrs. Clinton, at 30 percent

Martin O'Malley suspends presidential campaign after Iowa caucuses

The announcement came after O'Malley barely registered in Iowa against his better-known rivals Clinton and Sanders, failing to meet already low expectations

If You Want to Win, Go Progressive

The big question right now is whether to call Hillary Clinton a progressive, or a "moderate."

And then there's the question of who is more electable in a general election: an unabashedly progressive democrat, like Bernie Sanders; or a "centrist" democrat, like Hillary Clinton.

Powered by Drupal, an open source content management system