More bad news for the euro?

sloan



Joined: 24/02/2009
Posts: 808

Message Posted:
17/06/2010 10:04

This time it's Spain and the potential bail out would allegedly dwarf Greece's



http://www.independent.co.uk/news/world/europe/spain-the-new-crisis-in-euroland-2002676.html



Interesting last paragraph:



The collapse of Spain's housing boom has helped fuel a deep downturn which has sent unemployment spiralling to 20 per cent, the second worst in the EU. Mr Zapatero introduced a range of measures last month, including spending cuts of €15bn over two years and reductions in public sector wages and spending. Unions have called a general strike over labour reforms.



Problems in the construction industry do have knock on effects!!