Originally Posted by
sixchannel
And that would bother France and Germany how?
Because a bankrupt Spain would lead to a recession in the EU within the month, well 6 months, or two consecutive quarters to meet the definition of a recession.
Let's not forget Greece falling off the cliff as well without Brits and Cyprus would be in a bit of a mess.
I guess it could be a good time to invest in Turkish holiday developments if you believe the EU would sacrifice the Spanish just to show how nasty they are. Such games would not be tolerated by the Spanish and they would be out of the EU very quickly as well and then the EU Castle would come tumbling down.
Tourism expenditure to Spain stood at 55billion euros (£50billion) in 2016.
“Some 14billion euros (£12.7billion) of that came from the UK – that’s 26 per cent.
“So we are actually the biggest contributor to the Spanish tourist economy.”