Telegraph Live: Reports that Spanish 10 year bonds have reach the 6% cost for the Spanish Government. This could be the double hit folks, short term Italian bonds at around 6% for a long economic period, to be joined by Spain. There is a General Election in Spain soon folks, the right wing Party of Spain is expected to win, thus a reduction in Government, problem folks, the level of Spanish Unemployment is at 22%, think how bad it seen to the US at 9%, also like the US, Spain has heavy personal and government debts. This could be the perfect hurricane folks, what if Italy and Spain ask for a bailout, the EU/IMF/ECB, does not have the money, this could be the start of the end of the Euro folks, yes its that bad, the UK might reap the whirlwind of that disaster folks.
Monday, November 14, 2011
Spain Next ? Part Two
Telegraph Live: Reports that Spanish 10 year bonds have reach the 6% cost for the Spanish Government. This could be the double hit folks, short term Italian bonds at around 6% for a long economic period, to be joined by Spain. There is a General Election in Spain soon folks, the right wing Party of Spain is expected to win, thus a reduction in Government, problem folks, the level of Spanish Unemployment is at 22%, think how bad it seen to the US at 9%, also like the US, Spain has heavy personal and government debts. This could be the perfect hurricane folks, what if Italy and Spain ask for a bailout, the EU/IMF/ECB, does not have the money, this could be the start of the end of the Euro folks, yes its that bad, the UK might reap the whirlwind of that disaster folks.
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