Stewart's Melville College

Friday, 26 November 2010

The blame in Spain.... for the fiscal crisis is placed at the feet of regional governments who spent too much during the boom years.

Each region will now sell its own 'patriot bonds' in an effort to raise revenue.

Fears that the Irish debt crisis will spread to other countries has lead to a fall in the exchange rate value of the Euro.

Astonishing given the curernt economic climate amongst the Eurozone countries.

The German economy will hopefully take others with it as it powers ahead into the new year.

Another excellent discussion from the BBC.

Follow the link to find out more about this prestigious competiton.

And, who is paying?