Re: Re: Spain credit rating under review by Moodys

#101935

logan
Participant

Spain needs an awful lot more than €290 billion in 2011. The figures close to €600bn.
Downgrades, roll overs and bail outs are inevitable to avoid debt defaults. The country is knackered. That’s what happens when hopeless Socialist Governments live beyond their means on other peoples money.
The Spanish people have much more pain to come.

http://www.telegraph.co.uk/finance/economics/8207710/European-Central-Bank-arms-itself-for-Spanish-crisis.html