Spain (only) beaten by capital market

Now Reading:

Spain (only) beaten by capital market

Text size Aa Aa

This past week, Spain has impressively underlined its claim to be the number one in Europe. That means EURO2012, of course. Football could be the only thing these days that cheers the country up.

On the capital markets, Spain was severely beaten. Investors are not convinced that the bank rescue package is enough. Host Stefan Grobe talks about the situation with David Owen of Jefferies International in London.

Also on the programme: the risk of a contagion from Spain into Italy, and Nokia cutting 10.000 jobs.