Spain

The European Monetary Situation

EVERYBODY PAY ATTENTION TO IRAN AND NORTH KOREA; nothing to see here, move along. One false move in Europe could set off global chain reaction If the trouble starts -- and it remains an "if" -- the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland's economic output. But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If…
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Irish Banks In A World Of Hurt

From Bloomberg: March 31 (Bloomberg) -- Kit Juckes, chief economist at ECU Group Plc, talks with Bloomberg's Linzie Janis about the outlook for Ireland's banks after the government set out plans to revive the country's financial system. Ireland is right behind Greece and Spain, and even though they have instituted an 'Austerity Package', it was on the 'backend' of a ever worsening economy. "If doing the right thing is this bad, how difficult could it be elsewhere?"
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