Spain Has ‘Worse Problems Than Greece’: Analyst
From cnbc.com
Spain’s eye-wateringly high unemployment the and collapse of its real estate market mean that Spain has significantly worse problems than Greece and could threaten the euro zone’s new-found, albeit fragile stability, an analyst told CNBC.com Tuesday. “Spain has very large downside risks and it needs to tread very carefully – Spain is in a very fragile situation. Its problems are significantly worse than Greece’s,” Sony Kapoor, managing director at international think tank Re-Define said. He added that a “huge danger” was posed to the macroeoconomic situation and the social fabric of the country by the current ...
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