That’s a good point. I suppose one could argue that Spain is a relatively small part of Europe as a whole, but that seems like a pretty weak argument. I think I’m going to have to update on this general position to substantially reduce my confidence that the economic situation has been becoming more stable. Thanks.
Given that right now the unemployment in Spain is about 25%, that doesn’t sound too horrible.
That’s a good point. I suppose one could argue that Spain is a relatively small part of Europe as a whole, but that seems like a pretty weak argument. I think I’m going to have to update on this general position to substantially reduce my confidence that the economic situation has been becoming more stable. Thanks.