CCTV.com - CNTV English - CCTV News

Studio interview: EU's 100bln euro bailout to Spain

06-12-2012 14:42 BJT

Watch Video

Play Video

Spain's banking bailout is a big blow to a nation that a few years ago took pride as the continent’s economic superstar only to see it become a hot spot in the eurozone debt crisis. In the Spanish town of Sesena, once a mecca of development and dubbed Spain’s Manhattan, the lone bank that took part in its rise closed down two years ago and most storefronts are bricked up. Full story >>

Let's bring back Professor Liu Baocheng to talk more about Spain's banking sector bailout.

Q1. Professor, Spain becomes the fourth eurozone country to ask for financial aid, but the PACE of agreement for the bailout request was quite fast versus Greece, Ireland or Portugal, why is that?

Q2. Greece received the bailouts from the EU with conditions - the government of course needed to implement "austerity measures". In contrast, Spain only needs to restructure its banking industry. Why was this a priority for the EU and what are the implications behind this?

Thanks professor. Professor Liu Baocheng for us from the University of International Business and Economics here in Beijing.

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program