Paul Krugman, New York Times
Oh, wow "” another bank bailout, this time in Spain. Who could have predicted that?The answer, of course, is everybody. In fact, the whole story is starting to feel like a comedy routine: yet again the economy slides, unemployment soars, banks get into trouble, governments rush to the rescue "” but somehow it's only the banks that get rescued, not the unemployed.
Oh, wow "” another bank bailout, this time in Spain. Who could have predicted that?The answer, of course, is everybody. In fact, the whole story is starting to feel like a comedy routine: yet again the economy slides, unemployment soars, banks get into trouble, governments rush to the rescue "” but somehow it's only the banks that get rescued, not the unemployed.
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