Somehow Spain has averted its finanical crisis. Next stop: Italy
http://www.economist.com/node/18958397?Story_ID=18958397
http://www.economist.com/node/18958397?Story_ID=18958397
Quote from 377OHMS:
Somehow Spain has averted its finanical crisis. Next stop: Italy
http://www.economist.com/node/18958397?Story_ID=18958397
Quote from dealmaker:
"Somehow Spain has averted its finanical crisis. Next stop: Italy"
-377OHMS
Italy is not Spain! Italy has heavy industry ( they build planes, jet fighters, helicopters etc., eg. Piaggio, even cabin of the US Presidential helicopter is built in Italy), automobiles, fashion, tourism, agriculture, finance ( Unicredit) where as all Spain has is agriculture, tourism and Banco Santander.
Spain is a junior partner in Airbus, all technology comes from Germany, France and Britain. Even the best known Spanish car SEAT is a Fiat built under license in Spain.
Moral of the story, it may be a little harder taking down Italy than Spain.