• Skip to main content
  • Skip to primary sidebar
  • Spain
  • Portugal
  • Politics
  • Business
  • Sports
  • Culture
    • IberoArts
      • Books
      • Music
      • Films
  • Iberoblog
    • Videos
  • About Iberosphere
    • Contributors
    • Contact
    • Fine print
      • Privacy Policy
      • Disclaimer
      • Copyright

Iberosphere

News, comment and analysis on Spain, Portugal and beyond

Spain euro exit

Spain’s “technically impossible” euro exit

May 21, 2012 by Nick Lyne 1 Comment

Spain's former currency, the peseta.

Spanish Prime Minister Mariano Rajoy, his Economy Minister Luis de Guindos, and Finance Minister Cristóbal Montoro, have all been asked to respond to Nobel laureate Paul Krugman’s recent comments regarding what he called eurodämmerung: the end of the single currency. Unsurprisingly, they all repeated their commitment to the single currency, saying that Spain would not require a bailout, and that the spending cuts would continue. But like guilty men giving away what is really on their minds, all three went further, insisting that Spain would remain in the eurozone, and that a corralito was a “technical impossibility.” Corralito is a dreaded word in Spain, associated with the chaos that … [Read more...] about Spain’s “technically impossible” euro exit

Filed Under: Business, Featured, Spain News Tagged With: banks, euro, greece, Greece euro exit, spain, spain crisis, spain economy, Spain euro exit, spain news, spanish economy

Primary Sidebar

  • Email
  • Facebook
  • Twitter
  • YouTube

The End

Iberosphere calls it a day after three-and-a-half years

Recent Comments

  • Tim on What I learned in a Spanish brothel
  • tom scott on Sex and the Spanish single lady
  • tom scott on What I learned in a Spanish brothel
  • Matt on Sex and the Spanish single lady
  • betty on Madrid, capital of the special advertising section

Recent Posts

  • The End
  • Maybe Rajoy is right: deny everything and it’ll go away
  • A slow death in the afternoon
  • Tales for Tapas: Leaving Spain
  • Spain ahead of the US in bankers’ prosecution

Copyright © 2025 · Iberosphere · Log in