Tuesday, June 12, 2012

Completely the wrong way around

An AP report in the Herald this morning shows just how far the world still is from “getting it” about collapsing western economies and the causes of the problem – it states that:

Spain has agreed to accept a bailout of its banks.

How magnanimous of it…. how generous of them to “accept” 100 bn euro.  We can readily imagine the week’s activity at other Euro banks… getting ready to “accept” no doubt.

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