Friday, May 18, 2012

Greek politics, Spain banks test eurozone survival

 

A woman uses an ATM cash point machine at a branch of the Bankia bank in Madrid Thursday May 17, 2012. A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up in the fallout of the Greek crisis. Logo says ' Welcome to Bankia'. (AP Photo/Paul White)Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery. And there is no respite in sight, as Germany's finance minister predicted Friday that the crisis could last up to another two years.

Greek politics, Spain banks test eurozone survival
Fri, 18 May 2012 20:31:05 GMT

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