Spain: Too big to fail?

22nd September 2011, Comments 0 comments

Greece, Ireland and now Portugal. Debt-ridden, deficit-laden and bankrupt were it not for bailouts from abroad. Spain is the fourth and final letter in the hackneyed PIGS acronym for...

Greece, Ireland and now Portugal. Debt-ridden, deficit-laden and bankrupt were it not for bailouts from abroad. Spain is the fourth and final letter in the hackneyed PIGS acronym for Europes struggling economies. It is also the biggest, and its economic future will decide the fate of the euro zone.

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