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A World of Trouble if the Spanish Banking Crisis Spreads
Link: http://www.alternet.org/economy/155834/a_world_of_trouble_if_the_spanish_banking_crisis_spreads/
Until flaws in the euro are addressed, the crisis is likely to simmer on. Spain's banks are in a world of trouble, as you've undoubtedly heard. They are strained by loans made over the course of a a building boom that went bust in 2008, two recessions in the last three years, and the highest unemployment rate among developed nations. Misguided austerity policies have only made things worse.
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