10-06-2012, 09:44 AM
If Spain goes bankrupt then millions of them will migrate to Britain, and it will all be totally legal.
11-06-2012, 06:01 AM
A bailout is lending money to a country that cannot afford to pay it back
11-06-2012, 06:13 AM
Spain runs a trade deficit of a billion dollars a week.
This means Spain has to borrow a billion dollars a week to balance the books.
Spain has just been bailed out by the EU, but cannot afford to pay any of the money back, now or in the future.
13-06-2012, 07:02 AM
The euro currency is the enemy of world prosperity
15-06-2012, 10:37 AM
Spain borrowed 100 billion euros, but it only lasted one day.
By the very next day they were short of money again.
Last edited by SDP; 15-06-2012 at 10:42 AM.
15-06-2012, 10:45 AM
Some people are asking, "What has gone wrong with Europe ?"
Look at Spain. Spain is an example of everything that has gone wrong with Europe.
Last edited by SDP; 15-06-2012 at 10:57 AM.
15-06-2012, 10:55 AM
The economy of Europe is going over a cliff.
21-06-2012, 08:55 AM
The euro currency is high because the idiot running the USA, is even worse than the idiot running the European Union.
23-06-2012, 11:19 AM
The way out of the current financial crisis in Europe is for the countries with trade surpluses, to buy goods from those counties running trade deficits.
China, Germany and Japan have run trade surpluses for decades, and their foreign currency reserves run to trillions of pounds.
If these surpluses were used to buy goods from deficit countries like Greece and Spain, this could put an end to the current financial crisis in the eurozone.
28-06-2012, 05:39 AM
Five euro zone countries are now bust.
Portugal, Ireland, Greece, Spain and Cyprus.