[Olog-hai]

Another “member state” whose leadership sold out to the EU loan sharks.

[2ndDivisionVet]

You don’t lend poor people money, you give it to them. They’ll never see a dime of that back.

[EEGator]

Spain is still screwed anyway. They’re just kicking the can. I believe it’s current unemployment is over 20%.

Next up Italy? Portugal?

[ClearCase_guy]

[allendale]

This “loan” is really being financed largely by the frightened Germans. Basically it is another futile financial gimmick. The capital squandered by three generations of deficit spending cannot be easily replaced. Greece was the opening act. Now comes Spain, later Italy and France. The Germans ought to realize that they simply do not have the wealth to stave off European bankruptcy. Their efforts will not be enough or even appreciated. They will ultimately be blamed in the end. Best course is to forget about bailouts, let bankruptcy and rock bottom occur, use aid as charity, and let the true rational recovery and rebuilding begin.

[tcrlaf]

TWO OPTIONS:
1) Print
2) Collapse

Option One is going to happen, because too many Pols would lose their jobs if they allowed Option Two.

So they will keep printing until they just can’t print, anymore.
WIEMAR GERMANY, ANYONE?

[razorback-bert]

That ought to carry them through the month.

[BfloGuy]

Yesterday I read a rumor in "The Telegraph" that Europe was going to let the banks fail. It would have been the only sensible decision.

So, of course they didn't.

[Standing Wolf]

Lend money to a country that borrowed and squandered its way to bankruptcy? These people are going to ruin the reputation of the word “stupid.”

[yefragetuwrabrumuy]

[Lurker]

This isn’t enough by half.