http://www.forexyard.com/en/news/Spain-unemployed-could-reach-5-mln-labour-minister-2011-04-16T084716Z
This one is so easy.
Spain will seek aid sometime this year or next.
They have said NO but they all say that in the beginning.
Look at Greece, Ireland and Portugal.
This unemployment issue is KEY.
Unless they solve this - there is absolutely no way out.
Deflate - crash - take the pain for the excess and then work your way back up.
This is the only way.
ECB money cant solve the unemployment issue.
QE2 etc dont create jobs.
This one is so easy.
Spain will seek aid sometime this year or next.
They have said NO but they all say that in the beginning.
Look at Greece, Ireland and Portugal.
This unemployment issue is KEY.
Unless they solve this - there is absolutely no way out.
Deflate - crash - take the pain for the excess and then work your way back up.
This is the only way.
ECB money cant solve the unemployment issue.
QE2 etc dont create jobs.
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