Spain could need a full bailout within weeks

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of angie angie 4 years, 4 months ago.

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  • #56936
    Profile photo of katy
    katy
    Spectator

    Spains borrowing crept back to 7% today and they are now saying they could need some of that 100 billion to buy bonds. Some financial pages are saying that the country could need a full bailout within weeks.

    http://www.reuters.com/video/2012/07/19/market-pulse-spain-bailout-could-come-wi?videoId=236577067&videoChannel=5

  • #110711
    Profile photo of angie
    angie
    Spectator

    katy, this is being talked about a lot now, and, Business Insider also reckons Spain is likely to see even more austerity next year. Their GDP forecast for Spain in 2013 is -1.3% 🙄

    BTW, On another matter I’ve had a great day today, those Octopus tentacles have done their work, it didn’t take long. Even though the old home country Sicily also needs a bailout, there’s certain people I can count on there 😛

  • #111005
    Profile photo of angie
    angie
    Spectator

    katy, this is being talked about a lot now, and, Business Insider also reckons Spain is likely to see even more austerity next year. Their GDP forecast for Spain in 2013 is -1.3% 🙄

    BTW, On another matter I’ve had a great day today, those Octopus tentacles have done their work, it didn’t take long. Even though the old home country Sicily also needs a bailout, there’s certain people I can count on there 😛

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