Spanish P.M. forced to defend nation's solvency
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Spain's prime minister, Jose Luis Rodriguez Zapatero (pictured), has now been forced to defend his nation's solvency, as worries persist that Greece's sovereign debt crisis is headed next toward Spain.
Zapatero called it "complete madness" that Spain might require a Greece-like European bailout, despite Spain's depressed economy.
"We have strong solvency," Zapatero said. "We can't spend the whole day speculating" about potential insolvency.
Oh, yes we can. And should. Standard & Poor's downgraded Spain's debt last week and worries persist that Moody's will do the same soon.
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May 4, 2010; 1:05 PM ET
Categories: Deficit/debt , The Ticker | Tags: Government, Greece, History, Jose Luis Rodriguez Zapatero, José Luis Rodríguez Zapatero, Moody, Prime minister, Spain, Travel and Tourism, Twitter, european debt crisis, greece debt, greek debt
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