They are worried that Spanish banks will not survive the onslaught of bank customers and investors exodus…
Published: September 5th, 2012
from The Globe and Mail
When European Central Bank president Mario Draghi unveils his sovereign bond buying program on Thursday, he will not be thinking so much about Italy — Europe’s most indebted state — as Spain, the country apparently next in line for an international rescue. Spain, the euro zone’s fourth-largest economy, is in dire shape. It is being mauled by a double-dip recession, imminent bank bailout, yawning budget deficit and soaring jobless rate.
reposted from financialsurvivalnetwork.com