Tag: Spain
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How much money will spain actually need?
As I write there are suggestions that spain will seek a banking only assistance of some €100b. Is that going to be enough? Look at the following graphs… Bear in mind a) Ireland is approx 1/8 the size of spain b) Ireland has to date spent €63b on its banking bailout. Spanish Private Sector growth…
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Europe needs leadership but from where?
This is an expanded and updated version of a column published in the Irish Examiner With the passing of the fiscal compact the government now find themselves in a position t once easy and difficult. It is easy in that the parameters of fiscal policy for the next number of years are set out, if…