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Montevideo, June 27th 2022 - 06:06 UTC
Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the Euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports. Read full article
Van Rumpuy. An edifying spectacle of everything that is wrong with the EU.
Spain will eventually leave the Eurozone and go back to the Pesos. Their problems are so great and getting worse by the day that their fate is all but sealed.
The Euro is like the Hotel California - you can never leave.
This crisis is the perfect opportunity for the undemocratic European political elite to force deeper political union.
To stop the break up, debt will have to be mutualised. To mutualise debt, Germany will want centralised control over national budgets.
Let the EU die! May it be forgotten about, nothing but a 40 year experiment in disaster.
*1 pesos?? you mean pesetas.
4 aussie raincloud
I say pesos, you say pesetas, let's call the whole thing off! :o)
Austerity isn't working, is it?!
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