The NY Times’ Landon Thomas Jr. writes: It is, Julio Vildosola concedes, a very big
bet. After working six years as a senior executive for a multinational
payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his
professional and financial ties with his troubled homeland. He has moved his
family to a village near Cambridge, England, where he will take the reins at a
small software company, and he has transferred his savings from Spanish banks
to British banks.
“The macro situation in Spain is getting worse and worse,”
Mr. Vildosola, 38, said last week just hours before boarding a plane to London
with his wife and two small children. “There is just too much risk. Spain is
going to be next after Greece, and I just don’t want to end up holding devalued
pesetas.”
Mr. Vildosola is among many who worry that Spain’s economic
tailspin could eventually force the country’s withdrawal from the euro and a
return to its former currency, the peseta...
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