Spain Sputters as a Bail-out Moves Closer
Episode Description
Wharton Professor Mauro Guillen talks about the situation in Spain in this Knowledge at Wharton Today blog piece.
Brief Summary
Spain's economic decline worsens due to procyclical measures and high debt, risking a bailout from the EU.
Key points
- The Austerity Debate. Austerity measures are failing to improve Spain's economy, leading to deeper issues.
- Spain's Economic Outlook. Spain faces a dire economic future, potentially mirroring Greece's crisis.
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Episode highlights
- The Austerity DebateAusterity measures are failing to improve Spain's economy, leading to deeper issues.“Austerity measures don’t work.”2:46Oct 26, 2012
- Spain's Economic OutlookSpain faces a dire economic future, potentially mirroring Greece's crisis.“Sooner or later, Spain will be like Greece.”3:47Oct 26, 2012
