Treichl: „Spain Needs Help“

More+Comment ♦ Published: June 1, 2012; 12:04 ♦ (Vindobona)

The CEO of theAustrian Erste Group Andreas Treichl is in doubt whether Spain may conquer the crisis without help. Regarding Greece, Europe has to pay anyway, Treichl thinks.

Treichl: „Spain Needs Help“ / Picture: ©

At the moment, the European politics is concerned about Spain. Treichl hopes that the Iberian country may conquer its banking and debt crisis by itself. But in the end, Spain will not manage ist financial crisis alone, Treichl thinks: „At the moment, it does not seem so.“

In Spain, the bursted real estate bubble caused a severe bank crisis. According to Treichl, it was not…