Spanish debt too big to bail

Arnab Das, managing director at Roubini Global Economics, told CNBC, “A disorderly ‘Grexit’ could accelerate the process in Spain but even if we don’t have something untoward in Greece I think part of the problem is that people are starting to get to grip with the fact that there is too much debt in Spain, it is not yet in the sovereign but that’s where it’s headed.”

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2 Responses to Spanish debt too big to bail

  1. peter says:

    Hard to conceptualize that many companies CANNOT find workers and there are so many unemployed! The lack of regulation in the financial sector created this belief in the average person that you could study pretty well what you wanted and you would get a job. There needs to be a much better integration and advertising by industry in schools to let people know that this is what is needed! Government should regulate how many spaces are available for specific jobs so that not all people go into this or that field, leaving other occupations unfilled. I mean the lack of competence and the coordination between government and industry are striking!

  2. Roberta says:

    When I went to college, decades ago, you knew where the jobs were because you heard the amazing stories of people with BSXX degree getting jobs starting at $BIGBUX per year. Also, you could go to the Occupational Outlook Handbook to see the predictions for job growth in any field in the future. Is that not available today?

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