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Center for the Economic Policy Research’s Guillermo De La Dehesa argues Spain will not need a full-blown bailout.
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Collapsed in Europe an anti Alistair -- protesters are already rocking the country Airpwn Ashley Webster is out in Madrid.
Covering this one for -- actually.
-- 5% unemployment the economy in recession and with the banks.
Weighed down by bad loans it's no surprise that status in the cross hairs of the Euro zone debt crisis tonight.
Angry workers union workers from Madrid and across the country taking to the streets to voice their.
Opposition to government cuts and reforms in particular reforms to the restrictive labour laws in this country.
All of this as markets and others worry that Spain will need a full blown bail out.
But I spoke with a leading economist and a former secretary of state of economics -- Spain who told me that this country his country.
Does not need a full scale rescue.
Festival -- because of Spain has.
That to GDP.
Ratio -- been gathered from the union.
No -- France and Germany and all they -- them countries.
And -- -- -- only 71%.
And -- she's eighteen to.
And much slower than the United States if they UK.
So it's not a question he's not beneath them on -- -- -- These markets put it because he's -- Politics or not there's no escaping the fact that Spain's -- costs continue to be extremely high hovering around 7%.
It only took a month at that level for Greece and Ireland to cold for a major bailout Spain says it doesn't need it.
But you can be sure that the EU and others are keeping a very close -- Melissa back to you are asked that Webster thank.
