What a mess.. Simply put, Europe is a mess right now and the latest problem lies in Spain.. As money moves out of the banks in Spain , the banks get weaker and weaker.. The lending gets weaker and weaker. The economy gets weaker and weaker. It's a vicious downward spiral.
Tuesday, June 12, 2012
STIGLITZ: Spain Is In A 'Vicious Downward Spiral' Right Now
What a mess.. Simply put, Europe is a mess right now and the latest problem lies in Spain.. As money moves out of the banks in Spain , the banks get weaker and weaker.. The lending gets weaker and weaker. The economy gets weaker and weaker. It's a vicious downward spiral.
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