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Given that Spain don't really have the ability to print money any more due to being a member of the Euro, what do you think will happen?
by yxhuvud 17y ago
Given that Spain don't really have the ability to print money any more due to being a member of the Euro, what do you think will happen?
- borism 17y agoSpain's public debt is not so bad compared to it's other neighbors - France, Portugal and Morocco all have almost twice as much. Spain's problem is mainly with the private debt... Anyway, as you mentioned Eurozone, PIGS countries (Portugal-Ireland-Greece-Spain) are obviously a major burden with their problems. But what will happen will depend on what actions will be taken. Personally I'm quite pessimistic about Europe. Here's a detailed analysis of the situation from Roubini Global Economics Monitor http://www.rgemonitor.com/euro-monitor/255424/do_brics_and_germans_eat_pigs http://www.rgemonitor.com/euro-monitor/255424/do_brics_and_g...
- leonroy 17y agoThanks, that was a great article, well worth a read (especially for those inside Europe).