Saturday, 18 December 2010

Spanish fly

Roubini Says Spain Risks Bank Run Without More European Support

“Spain is too big to fail but also too big to be bailed out,” Roubini said today in a Bloomberg Television interview on “Surveillance Midday” with Tom Keene. He said the existing resources for bailouts are too small “to backstop the Spanish banks and the sovereign if there is going to be a run on them.”

One to watch...

11 comments:

spanish fly said...

Any country can fail..even Brazil is at the brink of failure. Ireland is never thought to be a failure in europe too.. so spain may follow the step

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