It’s Time to Stop Using Chewing Gum and Chicken Wire in Spain

Posted on 21/05/2012

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It’s Time to Stop Using Chewing Gum and Chicken Wire in Spain.

By Edward Hugh  – Don’t Shoot the Messenger – EconoMonitor

“Every leg of the eurozone crisis has been marked by denial of the full scale of the problems. Whether Spain’s authorities have been deceitful or wilfully blind makes little difference at this point. The banks will need more capital; the government will need external help, with all the market uncertainty and strings attached that this implies. And the pain in Spain will only get worse”.  (Financial Times)

Posted in: Europe