Video: Counting the Cost - Rich Europe, poor Europe part of Spain ready to accept financial bailout for its banking sector

Video Related To: Spain ready to accept financial bailout for its banking sector

Madrid : Spain | 1 year ago
Spain on became the fourth and the largest victim of the European debt crisis. Two and a half year after the start of the crisis, Spain on Saturday said it would accept a financial bailout,...
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Counting the Cost - Rich Europe, poor Europe

This week, with the Eurozone still in decline, Counting the Cost looks at the very thing the shared currency was supposed to avoid - a two-tier Europe of rich and poor. With Ireland and Greece both accepting IMF/EU bailouts, all eyes are on Portugal, Spain and Italy to see if they will follow suit. But if they do, will it only reinforce that idea of a continent with 'haves' and 'have nots'? We speak to Wolfgang Manchau from Euro Intelligence in Brussels for his ideas and solutions to the current crisis.
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