Is Spain (NYSE: EWP) Debt Becoming the Next Greece? - Fred Dunsel (06/04/12)

The Spanish government was put on the defensive last week amid growing concerns over the country’s ability to weather the economic turmoil, brought about by the state of its public finances and banking sector. On Saturday, Spanish PM Mariano Rajoy publicly reiterated his government’s commitment to stick to austerity measures “as long as is necessary”. Finance Minister Cristobal Montoro insisted to reporters that the government’s plan to curb its budget deficit was working.

Notwithstanding thes...