{"id":7834,"date":"2012-10-29T08:28:20","date_gmt":"2012-10-28T22:28:20","guid":{"rendered":"http:\/\/blogs.unsw.edu.au\/knowledgetoday\/?p=7834"},"modified":"2012-10-29T08:33:07","modified_gmt":"2012-10-28T22:33:07","slug":"spain","status":"publish","type":"post","link":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/blog\/2012\/10\/spain\/","title":{"rendered":"Spain Sputters as a Bail-out Moves Closer"},"content":{"rendered":"<p><strong>From the\u00a0<a href=\"http:\/\/knowledgetoday.wharton.upenn.edu\/\">Knowledge@Wharton today\u00a0blog<\/a>.<\/strong><\/p>\n<p>Austerity in Spain and most of Europe has failed, according to Wharton management professor <a href=\"https:\/\/mgmt.wharton.upenn.edu\/profile\/1324\/\">Mauro Guillen<\/a>.<\/p>\n<p>Further proof came this week with the announcement that the Spanish economy\u2019s downward spiral continued, with GDP shrinking by 0.4% in the third quarter \u2014 the fifth-straight quarterly decline \u2014 and unemployment hitting a record 25%.<\/p>\n<p>Despite the government\u2019s attempt to put off a eurozone-led bailout of public debt, expect Spain to accept terms within two to three months, says Guillen.<\/p>\n<p>In this video, he addresses the question: Have attempts at economic reform in Spain worked on any level?<\/p>\n<p><iframe loading=\"lazy\" title=\"Spain Sputters as a Bail-out Moves Closer\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/cNktDKaJJCs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>This post was previously posted in <a href=\"mailto:Knowledge@Wharton\">Knowledge@Wharton<\/a> today blog: <a title=\"Permalink to Spain Sputters as a Bail-out Moves Closer\" rel=\"bookmark\" href=\"http:\/\/knowledgetoday.wharton.upenn.edu\/2012\/10\/spain-sputters-as-a-bail-out-moves-closer\/\">Spain Sputters as a Bail-out Moves Closer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the\u00a0Knowledge@Wharton today\u00a0blog. Austerity in Spain and most of Europe has failed, according to Wharton management professor Mauro Guillen. Further proof came this week with the announcement that the Spanish economy\u2019s downward spiral continued, with GDP shrinking by 0.4% in the third quarter \u2014 the fifth-straight quarterly decline \u2014 and unemployment hitting a record 25%. [&hellip;]<\/p>\n","protected":false},"author":336,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12668,1,14648],"tags":[],"class_list":["post-7834","post","type-post","status-publish","format-standard","hentry","category-knowledge-today","category-uncategorized","category-world-economics"],"_links":{"self":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/7834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/users\/336"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/comments?post=7834"}],"version-history":[{"count":9,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/7834\/revisions"}],"predecessor-version":[{"id":7836,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/7834\/revisions\/7836"}],"wp:attachment":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/media?parent=7834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/categories?post=7834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/tags?post=7834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}