Wednesday, 26 September 2012

Spain close to meltdown?

Goodness me.  This has come as a shock.

Spain really does have to seek a sovereign bailout and with it loss of fiscal sovereignty, unless of course it leaves the eurozone, which is unlikely.  Street battles, the threat of Catalonia seceding, indecision in the government.   What a mess.

See also:
Excellent article.

Will be interesting to see how this goes down, both in France and the markets:

Back to Spain.


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