Thursday, April 26, 2012

IMF says Spain's Banks vulnerable and may need help!

The report summarised in this post's headline, is from the Washington Post, linked here, from which comes this quote:

Investors worried about Spain’s indebtedness are pushing up the country’s borrowing costs and have raised the specter of another European country needing an international bailout. Yet the effort to trim debt is pulling billions of dollars out of the economy and undercutting growth.
The Economist just out also comments on this presently most obvious are of the EU's death throes, linked here.

Across Europe there is now also a noticeable tendency for the crisis to appear to be shifting, from the certainty of the unreliability of the banks to the awakening of the knowledge of the similar unreliability of EU politicians!


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