Guardian: Reports that the Spanish Government has reintroduced tax hikes on the rich. In a recession folks the last thing you do is raise taxes on people that can get you out of a hole. The Spanish Government must have taken leave of its senses, Spain must really be in a economic mess, will it default before Italy. Thus folks on the economic radar we have Greece, Italy and then Spain. The Greeks are Zombies eating currency, tax payers money of Germany, the Italians and Spanish are just as bad, welfare systems that are out of date and Governments for one reason and other are past their sell by date. One wonders what the markets are going to make of the Greek October decision, the markets have been very odd, going up while the US and the EU are heading over a cliff, very much like the July days of 1914.
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