Economic Collapse Update - 061112 - The Pain in Spain will not be contained!
The Euro and stocks both gapped sharply up over the weekend on news that EU finance ministers are moving forward with a €100 billion Spanish bailout.
A few thoughts on this move:
1. Where is the money coming from? (most EU Governments are broke)
2. What precedent is this setting? (Ireland is already clamoring for a rewrite to its bailout rules)
3. How desperate are things that they're making such a large move so quickly?
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