Telegraph Live - Spain: Reports that Spain faces supervision from the EU when it comes to the hundred billion euros bailout of its Banks.
Lets Get Real:
This will go down like a lead balloon in Spain, the Spanish Government has tried to walk a fine line, that it has requested a bailout but that it is not in the same club as the rest of the PIG's. Thus the 1st impression that the loans was without strings. Folks would you give someone who is bankrupt and has asked for a loan a no strings loan. The worry from the side of EU elite is that the Greeks seeing that Spain has gotten soft terms will think if they vote for the anti austerity Parties that the EU will change the austerity deal and just give Greece more euros. The French and the Germans did not have a choice with Spain, its to big to fail, that is not the case with Greece. The Markets seem to think that the deal is not enough, the Markets wants Euro Bonds to be underwritten by Germany, the Germans do not want to fund the PIIGS till the end of time. This crisis is not over folks.
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