Archives for: Euro failure
Too big to bail: Spain and Italy are too indebted for even Germany to rescue, so let’s just call time on the Euro!
by Mitch Feierstein about 10 years 8 months ago
Another day, another faux bailout. Today European finance ministers agreed to let the Spanish banks get the first €30 billion slice of their bank bailout. Those same finance ministers are also set to approve a year’s delay in the deadline given to Spain for reaching a budget deficit of 3% of GDP. That won’t, of […]