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

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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...
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Dec. 29, 2009 10:59 am

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And the European economic cancer will spread to the US.

lovecraft
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May. 8, 2012 12:06 pm

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

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nimblecivet
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50 Years Later - it's time for Medicare "Part E!"

Fifty years ago, President Lyndon B. Johnson signed the bill that created Medicare and ensured that senior citizens would never again have to go without life-saving medical care.

And now, it’s time to reboot – and use a very, very, very simple message so all Americans can understand it.

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