Australia the next Spain

The Australian Treasurer Wayne Swan is saying no and it may be an overstatement, but there are definitely some similarities. Spain also had a budget surplus (despite what austerity people believe) as well as strong jobs growth. What Spain did not have is a large export market heavily reliant on a booming China. During the good times, the economic ties were worth a lot to the Australian...

Add to del.icio.us

Digg this

Post to Furl

Add to reddit

Add to myYahoo!