Spain and the Euro

Guardian: Reports that Spain could the next Country to need a bailout, the Guardian editorial states the following on Spain, “ .. is still being treated as a much bigger credit risk than its northern European neighbours. ”. Folks if the debt infection from Greece hits Italy and Spain it’s a whole new ball game, the latest downgrade of Irish debt rating to junk should hit the markets tomorrow, the view of Moody’s is that Ireland will need a second bailout, well one can postulate that Portugal will also have the begging bowl out sooner than later, a lot sooner if they see Greece, Ireland getting double bailouts at better rates. This blog NOW has Greece, Ireland, Portugal as default nations, what ever the EU thinks, also on the horizon could be Italy, Spain is not far behind. This is serious folks, and it could go either way.