Should Taxpayers Bail Out Spanish Bondholders?
- Wednesday, July 11, 2012, 9:11
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We are now getting a clearer idea of how the EU plan to deal with Spanish banks. Yesterday saw the leaking of a draft Memorandum of Understanding describing the conditions under which the EU will provide funds to recapitalize the Spanish banking sector. A key question at this point is how will the plan treat creditors of insolvent banks.
http://www.forbes.com/sites/karlwhelan/2012/07/11/should-taxpayers-bail-out-spanish-bondholders/
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