Sean OGrady: Greece is a problem but Spain could destroy the euro
Friday, April 30, 2010
Like a bacillus coursing its way through a weakened body, the Greek debt crisis is infecting the eurozone, and spreading though a variety of channels. The economist call this "contagion", and it has passed from Greece to Portugal and Spain, and to a lesser extent Ireland and Italy the unlovely sisters that gave us the equally unlovely acronym PIIGS.
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