OH DEAR, SPAIN ASKING FOR FULL GOVERNMENT BAIL OUT
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Just heard on the news that Spain is now planning to ask for a full blown Government bail out. I guess that's no surprise but where will all this lead is the million dollar question. It is now clear that Spain has entered a self-defeating cycle of austeriy and economic contraction.
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If I shine too brightly, then put your sunglasses on oy vey
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Spain is no different to rest of Eurozone countries, its just a question of time before it ( the Eurozone ) collapses completely and European countries will return to some form of independance. Meantime polititians will probably hold another crisis meeting ( or summit as they sometimes call it ), which will achieve nothing other than each one of us having to pay the increasingly huge bill.
Only my opinion for what its worth. !
Regards
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