Use access key #2 to skip to page content.

FreeMarkets (92.19)

June 2012

Recs

11

Why Spain's Bailout Turned Bust

June 11, 2012 – Comments (5)

Here is my VERY short commentary on why the Spanish bailout turned to a bust.  After seeking a bailout, Greece then required bondholders to take a huge cut and the EU/IMF agreed.  Would you want to be a bondholder of Spanish bonds when they may seek the same resolution.

MORALE HAZARD!

Featured Broker Partners


Advertisement