Friday, May 25, 2012

Spanish Debt - Regional and Banks


Guardian Live - Spain: Reports in its 5.47pm post the following on Regional Debt of Catalonia and other Spanish Regions, the articles notes the following, " ...It needs some €13bn and other regional governments in Spain need around €24bn more...".

Lets Get Real:

Thus the out of control Regional Governments of Spain and bleeding Spain dry, also the Spanish Government has to worry that it will have a run on its banks should Greece go out of the Euro. Thus to prevent total contagion the EU/IMF/ECB should force Spain to take a multi billion bailout, the Regional Governments of Spain should be stripped of their power to run the financial structure of the Spanish Regions. The IMF should place inspects as in Greece in Spanish Government Departments to make sure that any bailout is spent wisely, also any money spent by the Spanish Government would need the green light of the inspectors. Its better to take action NOW folks than wait for Spain to follow Greece after the Greek elections. It might be to late to save Spain in the Euro folks.

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