Spain's bank rescue amounted to | Precious Metals Message Board Posts

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Msg  97248 of 171299  at  6/10/2012 10:50:58 PM  by

ycdv


Spain's bank rescue amounted to

~$25,000 of new debt per Spianiard. One wonders how long it will take them to pay it back. (as in never)
 
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"Across the country, Spaniards reacted with a mixture of anger and relief to the news. The full amount of the eurogroup's lifeline amounts to €21,000 of new debt for each person — almost equal to the average salary in a country of 47 million where the unemployment rate for those under age 25 is 52 percent."


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