Political Quotes

Whitelaw Reid: Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that…

On the record
Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that security when they risked their money on it.
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Whitelaw Reid

Editor's note · Context

Reid critiques Spain's failure to uphold its financial commitments while acknowledging the risks lenders took.

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