Previously, Greece, Portugal and Ireland succumbed to similar predicaments. After interest rates soared on their bonds, they had to be rescued by loans from other European countries, the European Central Bank and the IMF. The trouble is that Spain’s economy is twice as big as Greece’s, Ireland’s and Portugal’s combined. And financially precarious Italy has an economy that’s 50 percent larger than Spain’s. Is there enough money to bail out these countries?
Salida del euro, devaluación. Cuando se llega a un cierto nivel de gasto público y deuda, ya no es posible bajar salarios y jubilaciones lo suficiente si no es depreciando la moneda.
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