Panic in Spain as Money Flies Out of Country and Head of European Bank says Eurozone is 'Unsustainable'
Friday, 01 June 2012 09:16
'Senior European officials last night issued a grave warning that the very survival of the euro is at risk as the crisis in Spain threatens to tear the region apart.
Politicians and central bankers said the situation in the eurozone was unsustainable and drastic action was needed to prevent the ‘disintegration’ of the single currency.
They spoke out as European leaders scrambled to stop the financial crisis in Spain spiralling out of control and infecting other countries such as Italy.'
Read more: Panic in Spain as Money Flies Out of Country and Head of European Bank says Eurozone is 'Unsustainable'
