Euro Funnel: 'Spain too big to fail'

RussiaToday on May 16, 2011

The latest efforts to prevent eurozone members and the single currency falling into the financial abyss begin later. European ministers will meet to discuss the effectiveness of bailouts for Portugal and Greece. Concerns have been raised that the measures are not working in Greece. While Portugal's crumbling economy is desperate for a 78 billion euro rescue package. Across the border in Spain, there were outbreaks of violence during protests against austerity cuts as the country struggles to deal with record-high unemployment. And as RT's Sara Firth reports, Madrid could be next in line for an EU handout.
For more on the European bailouts, RT talks to Javier Diaz-Gimenez Professor of Economics at the University of Navarra, who is in Madrid.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.