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

On July 23, 2016, we discontinued our forums. We ask our members to please join us in our new community site, The Hartmann Report. Please note that you will have to register a new account on The Hartmann Report.

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

Did Carrier Fleece Both Trump & America?

Donald Trump took a victory lap in Indianapolis yesterday afternoon, where he and Vice President elect Mike Pence officially announced a deal to keep 800 Carrier jobs in Indiana.

That's 200 fewer jobs than the 1,000 jobs that Trump initially said the deal would save, but that's kind of besides the point.

Powered by Pressflow, an open source content management system