Spain – We Need to Destroy it Before we Can Save it..

12 Sep

There is no reason to buy the bonds of a country with 25% unemployment

Earlier, in an interview with Finnish newspapers, Rajoy said he had no objection to the International Monetary Fund monitoring Spanish compliance with the conditions for any assistance although he has also insisted that no fresh demands should be made on Spain in terms of cutting debt.

…Rajoy’s intransigence has only one outcome – the same outcome that Sylvio Berlusconi was met with when he refused to comply with the ECB’s demands in November of 2011. In other words, Spain may be the latest country to have its own technocrat leader in a few short months/weeks, but not before the entire surge in Spanish bonds is first unwound.

Another Communist EU central planning success…
Zero Hedge

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