Kamis, 12 April 2012

Rajoy declares eurozone unable to bailout Spain - which means we shall see this thought tested soon enough

http://www.telegraph.co.uk/finance/financialcrisis/9201008/Spanish-bailout-impossible-for-eurozone-says-prime-minister-Mariano-Rajoy.html


Spanish bailout 'impossible' for eurozone, says prime minister Mariano Rajoy

The eurozone is not equipped to bail out Spain, the country's prime minister Mariano Rajoy has admitted, as global traders continued to punish the nation's stocks and bonds.

A demonstrator stands next to a barricade of burning tires at the main entrance of Mercabarna, the biggest wholesale market of Barcelona, on March 29, 2012
A demonstrator stands next to a barricade of burning tires in Barcelona during protests last month Photo: Getty Images

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