BBC News: Reports that the cost of Spanish bonds reached 7.57% today, a new high.
Lets Get Real:
Folks if this blog had the money it would bet against Spain, it has the debt from the banks, its has the debts from the regional government, its has the tough and harsh austerity package of the central Government. In other words Spain is going down, it will join the PIGS in getting a bailout, the next to fall will be Italy. The Market is making it clear that the Spanish Government is not realistic when it comes to the economic future of Spain, they are in denial about the TRUTH, Spain is in the toilet, the expected Greek exit after August could be the final push for Spain and Italy to take a bailout, it has to be done soon or they could take the Euro down, even the EU could come under threat. This blog expects a bad week on the Markets folks, Spain has a economic target on its head, someone somewhere will be making money at the expense of Spain, that is the real world folks.
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