Spanish Stocks Rise on News of $125 Billion Bailout
Spanish stocks rose Monday morning after news that Spain is the latest eurozone country to get a financial bailout to the tune of $125 billion (100 billion euros).
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Perez says “We have no prospects. It is very difficult to plan your life here so we are now thinking of moving abroad. It is paradoxical how the crisis has changed our points of view so fast and radically at once.”
Robert Brusca, founder of the Manhattan-based consulting firm, Fact and Opinion Economics, said Europe’s economic downturn could spread.