Re: Re: Do they now something we don’t

#111318

DBMarcos99
Participant

@logan wrote:

This is just normal damage limitation practice. All public companies do it and so do governments. It only means uncertainty is persisting, nothing else.
Spain will not leave the Eurozone. I’ll stake my pension pot on it and I’m no gambler. 🙂

Mmm, I was one of those who thought Spain would have left the Euro by this point. Although they would have escaped a lot of this pain by reverting to an independent currency, there are obviously pertinent reasons why they stay in the Euro – foremost being access to credit (even if it comes at a high price).
The weakness in recent months of the Euro has come as some relief for their exports and tourism sectors.