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Spain should avoid a further bailout at all costs
Spain is coming under pressure from other EU member states to request a bailout, which would include more onerous "austerity" terms than those already agreed with the European commission. The rightist government of the Partido Popular has so far resisted new impositions. This follows the bold move by the European Central Bank at its most recent council meeting to allow what the ECB's president, Mario Draghi, described as unlimited purchases of short-term debt for any country agreeing a new package of measures under a bailout. This is simply the latest, although perhaps the most effective and dramatic, of the ... (full story)
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- Sep 14, 2012 11:28am Sep 14, 2012 11:28am
- frx_trader
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- plasmatron10
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- Sep 14, 2012 1:55pm Sep 14, 2012 1:55pm
- glenngie
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