Is Spain the next country that will collapse under the mounting pressure of dept, unemployment and corruption?
In response to plans to make Cypriot savers foot part of the bill for a bailout of its banking system, Economy Minister Luis de Guindos on Tuesday said that bank deposits of under 100,000 euros in Spain are "sacred."
So how good would an investor feel about leaving money on Banks in Spain. If I had over 100K in Spanish accounts, I sure would move my money out of the country or simply invest in Gold/Silver.
Have a great one!