Spanish Banking Woes - Next Chapter

Telegraph Live - Spain: Reports that bad Banking loans in Spain have reached a 18 year high, and as a result the Spanish Stock Market has lost 3%. Folks this is simple, Spain the next shoe to fall after Greece its to big to bailout, the banks have not really looked at the effects of their property boom going bust, the Government is trying to push through eye watering austerity measures, thus a cut in Government spending, thus more cuts in the public sector, this leads to more welfare, thus more Government spending, thus you have a developing banking crisis and a Central Spanish Government that does not have full control of Regional Spending. The Telegraph notes that the Germans have stated that there have been no discussion in Berlin over a Spanish bailout, that folks is BS, if they have not made back up plans they are fools, because Spain is the next economic bomb to go off folks, its like a Shark, it slowly coming to the surface, think JAWS, and its going to bite the EU and the Euro.