Spain Reveals Billion Cash Exodus

If you thought things were tight in Greece, they certainly don't look too much better in Spain. In the first three months of this year, nearly 100 billion in capital has left the country. Put differently: about 10% of the country's GDP.
The European Central Bank's (ECB) president, Mario Draghi, said national supervisors had repeatedly underestimated the amount a rescue would cost. He continued that Spain's handling of the problems at ...

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