Archives for: Germany leaves Euro

Another day, another faux bailout. Today European finance ministers agreed to let the Spanish banks get the first €30 billion slice of their bank bailout.  Those same finance ministers are also set to approve a year’s delay in the deadline given to Spain for reaching a budget deficit of 3% of GDP. That won’t, of […]

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SPANISH DEBT: MORE TOXIC THAN FUKUSHIMA & CHERYNOBOL

by Mitch Feierstein about 10 years 1 month ago

Just as things were looking bleak, time ticking away, and tension rising … Cesc Fabregas scored for Spain. The tournament favorites hardly daunted their major rivals in their one-all draw against Italy, but they lived to play another day. Meantime, over the same weekend, another rescue act took place. This ‘rescue’ involved €100 billion of […]

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