Italy and Spain on the BRINK = Euro Crisis

Folks the UK hacking story is important but this story has the potential to wreck the lives of millions, send us all down the toilet.

Telegraph: Reports that the cost of Italy and Spain to raise capital on the money markets has almost reached the point of no return for these countries. Folks lets get honest here, Italy and Spain will fall its just a matter of time, the debt is to much, the austerity packages required can almost kill off economic growth, the EU countries have to decide, will they in fact bailout ALL the PIGS or will they allow these Countries to default. It can be argued that the EU for its long term security should allow these countries to hit the wall, then you can assess the damage and help, at present the EU/IMF is throwing money down the toilet and it wont be returned, that is a path to disaster.