Euro Won = Spanish PM

BBC News: Reports that the Spanish PM Mariano Rajoy has stated that the Euro has won due the EU giving Spain a bank bailout of 100 billion euros ( £80 billion pounds ).

Lets Get Real:

The problem with the deal folks is that it will send the Greeks up the wall, the deal is austerity light, there are no demands for austerity, this is due to the fact that the new Conservative Government in Spain has followed a tough austerity plan since coming in to office. The Unemployment in Spain stands at 24%, there is a lot of youth unemployment, the property bust has taken Spain to the toilet. The lack of demands for austerity with the deal with Spain will make Greek voters ask why they should suffer with their Country in effect being run by the EU, while Spain gets a soft bailout. This could be the nail in the coffin folks of those Greek Parties that support the previous austerity deal agreed by the last Greek Coalition Government. This deal could cause as much problems as it solves. Nothing is free folks.