Facts belie Spain's solvency claims

Government insists it does not need a bailout despite withdrawal of $100bn from banks in the last two months.

    More than half of Spain's youth under 25 are unemployed and almost five million of the country's citizens are now on unemployment benefits.

    But, while private depositors and investors have withdrawn more $100bn from Spanish banks in the last two months, the government continues to insist that it is not on the verge of insolvency and does not need an international bailout.

    Jonah Hull reports from Madrid.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.