A Stronger Antidote for the Pain in Spain • Is Vladimir Putin Going Back to the U.S.S.R.?

摘要

Bailing out Spain's banks isn't enough to ensure the euro's survival The agreement to provide as much as €100 billion ($125 billion) to Spain's banks shows Europe's leaders are at least beginning to recognize the magnitude of the task of saving the euro area's fourth-largest economy. The amount matches some of the higher estimates of the capital the banks will need to offset heavy losses related to the country's real estate bust. As such, it might help inspire the confidence necessary to slow the flow of money out of the country and lower the odds of an all-out bank run.