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Merkel Gives Green Light To Spanish Bailout

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http://uk.finance.yahoo.com/news/spain-knows-it-can-use-euro-aid-mechanism-merkel-reuters_molt-1e5eeafda318.html?x=0

Spain knows it can use euro aid mechanism - Merkel
Topics:EuropeCurrenciesEconomic news
18:57, Monday 14 June 2010
BERLIN (Reuters) - Spain knows it can make use of the 750 billion euro (622.4 billion pound) rescue mechanism established for the euro, Chancellor Angela Merkel said on Monday, amid worries about the country's ability to refinance itself on capital markets.
"If there should be problems -- and we shouldn't talk them up -- the mechanism can be activated at any time,"
Merkel said. "Spain and any other country knows that they can make use of this mechanism if necessary."

Get ready folks, another big turd is making its way toward the fan. :o

Spain is a bigger turd than Greece which means the amount of sh*t that will be flying around will be quite a bit messier.

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"If there should be problems -- and we shouldn't talk them up -- the mechanism can be activated at any time," Merkel said. "Spain and any other country knows that they can make use of this mechanism if necessary."

'Any other country'? I didn't realise the offer extended worldwide now. North Korea should try to get some of this aid. :lol:

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'Any other country'? I didn't realise the offer extended worldwide now. North Korea should try to get some of this aid. :lol:

you just wait until old blighty puts a claim in!

the fact they hoovered up all our gold reserves and de-industrialised us hasn't gone unnoticed.

in fact,whoever Nulabour were working for,seem accutely aware of some of old nazi doctrine,as well as the works of aleister crowley.

it's going right by the numbers.

they set goebbels upon us via the BBC,we'll give them a dose of indecent exposure.

Edited by oracle

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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