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8 Worrying Similarities Between Spain and Ireland
The bailouts for Greece, Portugal and especially Ireland were supposed to prevent a bailout for Spain. While the Spanish and Irish economies differ in size, they went a similar way into the crisis. Will Spain have Ireland’s fate? Analysis of 8 similar and worrying similarities. The Euro-zone’s fourth largest economy is double those of Ireland, Greece and Portugal combined and its also troubled by debt. So, Spain is seen as the final frontier: the EU bailout fund cannot capacitate a bailout of Spain. It’s too big to bail. The previous bailouts were intended to prevent the disease from reaching Spain – to allow ... (full story)
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