Posted on 06/03/2012 7:39:52 PM PDT by Texas Fossil
After a Spanish exit from the euro, there would be nothing left to exit from.
I’ve never actually heard the term “total emergency” before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the elder statesman of an advanced democracy to describe his country’s financial condition, the effect is rather startling.
The man who delivered this apocalyptic judgment, former Spanish prime minister Felipe González, being a socialist, might be expected to detest austerity programmes that require cuts to government spending. But there seemed to be few disinterested observers of Spain’s economy prepared to quibble with his assessment.
(Excerpt) Read more at telegraph.co.uk ...
“..We did the same with the Philippines”
An rather inexact comparison with those other examples, I must say.
They fought us for years for independence, and they eventually got it - the same as those other nations.
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