Thursday, May 31, 2012

Money flies out of Spain, regions pressured

THE SYSTEM IS COMING APART AT THE SEAMS...AND FAST.


Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.


http://www.reuters.com/article/2012/05/31/us-spain-economy-idUSBRE84U08N20120531

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