Monday, May 28, 2012

Hobson’s choice

Spain runs out of money

El Mundo reports that the country can no longer resist the bond markets as 10-year yields flirt with 6.5pc again, and the spread over Bunds – or `prima de riesgo' — hits a fresh record each day.

Posted by dill @ 06:03 PM (1652 views)
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6 thoughts on “Hobson’s choice

  • “Where is the €23.5bn for the Bankia rescue going to come from? The state’s Fund for Orderly Bank Restructuring is down to €5.3bn” Source – telegraph

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  • general congreve says:

    BRING IT!!!!!!!!!!!!!!

    Imagine me yelling the above in a golden coloured WWF wrestlers spandex leotard, whilst standing on the ropes of the ring, as Spain limps into the arena coughing and spluttering, hobbled by a massive gown woven from tonnes of fiat debt money.

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  • [email protected]

    I agree with what you are really saying but the image of yourself you have described as put me completely off my meal.

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  • “Spain limps into the arena coughing and spluttering, hobbled by a massive gown woven from tonnes of fiat debt money”

    and looks at his opponent bellowing to the crowd and frowns in puzzlement. Doesn’t he know this is a chess match?

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  • Great article. Can it happen here too? Yes, it probably is. look at the USA and Iceland – nothing to do with the Euro, everything to do with deregulated banks and asset price speculation.

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