View full page at forexfactory.com

 

Spain tires of penitence even amid the Lent processions

From guardian.co.uk

As hooded Easter week penitents processed mournfully through Spain's cities on Good Friday, Spaniards were wondering just how much past economic sins will come back to haunt them. With bond yields hitting records for the year and the most austere budget in decades bringing further pain to a country already stricken by 24% unemployment, prayers for deliverance are unlikely to be answered any time soon. Analysts increasingly believe that like the other "sick men" of Europe – Ireland, Greece and Portugal – Spain will eventually need bailing out. For some, it has already become too much. Last week, Diego Salazar ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News