Euromoney (May 21)
2012/ 05/ 23 by jd in Global News
As the European currency crisis continues to unfold, the spotlight shifts. “Spain’s economic political future hangs in the balance, as fears over Greece’s exit from the eurozone leave the credibility of its financial stabilization plans in tatters without urgent redress from eurozone policymakers.” And if Spain falls to contagion, there’s no telling where the downward spiral will end, though Italy would probably be the next to fall.
Tags: Contagion, Currency, Downward spiral, Europe, Greece, Italy, Spain
