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...
Dec. 29, 2009 9:59 am


And the European economic cancer will spread to the US.

May. 8, 2012 11:06 am

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

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

Latest Headlines

Obama to veto legislation on refugee screening

President Barack Obama would veto a Republican bill introduced in the wake of the Paris attacks to toughen the screening process for Syrian refugees

New York officials: No credible ISIS threat against city

There is no credible threat to New York City at this time, officials said

China denies torturing political prisoners

A Chinese delegation denied mistreatement of prisoners held in police stations and deaths in custody

Why the Kochs Really Embraced Criminal Justice Reform...

It looks like the Koch brothers have scammed us once again.

When news first came out that Charles and David Koch -- the Koch brothers -- were supporting criminal justice reform efforts in Congress, many of us thought, "Wow, they're actually doing something good for once."

And for good reason, too.

Powered by Drupal, an open source content management system