|Deputy Prime Minister Soraya Saenz de Santamaria|
People are still willing to invest in Spain though and the economy, which is my primary concern, has the potential to rebound in a big way. Bond Auctions in the last couple of months have seen a rise in popularity and, I'm sure linked, rate, which will raise Spain's borrowing costs but does put much needed money into the country. Direct Foreign Investment for a controversal possible casino that has the would bring 16 billion euros and up to 260,000 direct and indirect jobs has created a fervor in discussion. Can a Euro-Vegas save or destroy Spain? We have some time before decisions are made and more pressing issues for the immediate future are how the Spanish economy will continue to cope with these current losses and gains.
It is the first week in September, 2012, and I am really shocked at just how wrong I was. While the public sector in Spain continues to tighten it's belt and implement austerity measures, the hole within which it has landed itself will not be so easily climbed out of. Kyle Alexander Hentges, the IPB Scholar and World Business Analyst weighed in very strongly against my prediction that Spain would not continue to need bailout funds, and he was right as he tends to be. He did make a strong distinction though, in comparing Spain to Greece and suggested that unlike Spain, Greece should be dropped from the Euro if Germany would allow it to happen. It is a long way from financial stability, but the right moves are being made for a recovery on global terms.