[GeronL]

Time for Spain to prepare their own currency. I hope other countries are making those preps too.

[jdsteel]

IMHO (and I’ve felt this way for a while) Greece will voluntarily leave the Euro about 5 minutes before they are kicked out. The ensuing chaos will serve as a warning to EU states that don’t “play ball”. The result will be much more “austerity” and the ability to kick the can down the road for some number of years.

[bruinbirdman]

The word has always been that Spain is too big an economy for EZ to bail out.

AEP should have emphasized that in this article. Afterall, that's where the idea came from at least two years ago when Ireland went bust.

Also it should be remembered what "asking for an ECB bailout" means.

It means that a country turns over its fiscal sovereignty to the EU. The Commission takes over the treasury of the country, everything having to do with national finances, including banks.

yitbos