Apr 7, 2011

Spain Is Too Big To Fail And Too Big To Be Saved

"I think the big question is not Portugal — that is too small — but rather whether the contagion could spread, over time, to Spain, a country that is on one side too big to fail, but from the other side too big to be saved.

There have been reforms that go in the right direction, but much more radical reforms need to be done to stabilize the economic, financial and fiscal conditions of Spain." - in Forbes

Related: iShares MSCI Spain Index (ETF)