By Michael Pento for King World News
With investors around the world wondering how the $125 billion Spanish bailout will affect trading, today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to let readers know exactly how this bailout will impact key markets. Here is what Pento had to say about the situation: “It was announced this weekend that Spain has requested and will most likely receive $125 billion (100 billion Euros) to recapitalize their banking system. The money for the bailout will be channeled through the Fund for Orderly Bank Restructuring (FROB), whose funds count towards public debt.”
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This is How the Spanish Bailout will Impact Key Markets:
