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(BBC)   Spanish economy minister says country does not need bailout. In related news, Spain may ask for bailout this weekend   ( divider line
    More: Unlikely, spanish government, Spanish, bad bank, London School of Economics  
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218 clicks; posted to Business » on 04 Oct 2012 at 9:59 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

4 Comments     (+0 »)
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2012-10-04 10:53:47 PM  
Oh dear god, what if they do make it without the bailout? They'll become the austerity poster child for bootstrappy baggers everywhere.
2012-10-05 02:42:18 AM  
Wait... So, is this Spanish Inquisition expected, then?
2012-10-05 03:23:57 PM  
Ah, Spain. Where 40% youth unemployment since God knows when and impossible labour laws aren't considered by any political party to be a problem.

You make your bed, and you lie in it. The Euro just allowed the issue to be ignored for an extra decade.
2012-10-05 09:49:50 PM  
I currently have a friend from Spain whom I met through a study abroad program in Cordoba.....and he si in America on a tourist visa making about 12 an hr as an under table waiter.

Needless to say that Spain needs a bailout, they just might not get approved for a bailout. Everyone I know from Spain with college degrees (Bachelors and higher) have moved out of the nation for job opportunities.

If his perspective on America is a land of job opportunities, I can safely say that Spain is not. They need money not just to bailout the debt they owe but to just start their horribly structured economy.
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