Description: Spainâ€™s financial woes deepened ominously Friday after a heavily indebted region asked Madrid for help and the government predicted more recession next year, prompting investors to dump stocks and government bonds.
Date: July 20, 2012
Questions for Discussions:
- Explain the cause of the Spanish stock market drop?
- How are interest rates related to this story?
- Where do you think Spain and its banks are headed?