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Spain defends bank rescue as borrowing costs rise

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  • SME Bountiful, UT
    June 13, 2012 6:45 a.m.

    ...This is impossible if doubts persist about the sustainability of the debt of sovereign states."

    There is every reason to have doubts about the sustainability of the debt of the European states. The debts are extremely high and the economic growth is very slow. It is ridiculous for the new Socialist government in France to claim they will seek gowth rather than austerity. Europe's growth was very slow even when the many of the world's economies were growing rapidly, they aren't going to grow well now. Socialist policies have been Europe's policies for a number of decades now, it lead to very slow growth then and will do the same now.