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Clock ticks on Spain bailout

 
Face Palmer
Yo mamma pulls catapults to gondor

User ID: 24749179
Germany
10/02/2012 07:39 AM

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Clock ticks on Spain bailout
We are in familiar territory. A eurozone country is assessed as on the verge of a bailout and the countdown begins. International markets are unsettled by the uncertainty over Spain.
[...]
The credit ratings agency may downgrade Spain to junk status. If that happens its borrowing costs will spike and that might be the trigger for a bailout. That could all happen before a meeting of eurozone finance ministers next week.

'Social meltdown'

Even if that happens, the crisis does not go away. Increasingly the eye of the storm is what is happening in the real economies and in people's lives.

[link to www.bbc.co.uk]



Now we wait for Italy, then TSHTF
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Face Palmer (OP)
Yo mamma pulls catapults to gondor

User ID: 24749179
Germany
10/02/2012 07:47 AM

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Re: Clock ticks on Spain bailout
10yr bonds around 6%
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Face Palmer (OP)
Yo mamma pulls catapults to gondor

User ID: 24749179
Germany
10/02/2012 08:11 AM

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Re: Clock ticks on Spain bailout
shameless bump
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Anonymous Coward
User ID: 24050826
Australia
10/02/2012 08:45 AM
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Re: Clock ticks on Spain bailout
You're becoming the German Doorbert!
Face Palmer (OP)
Yo mamma pulls catapults to gondor

User ID: 24810382
Germany
10/02/2012 08:47 AM

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Re: Clock ticks on Spain bailout
You're becoming the German Doorbert!
 Quoting: Anonymous Coward 24050826


No really. I had about 10 pins yeah. But Doorbert... I was thinking about starting a thread next time he posts something... like "Breaking! Unpinned thread by Doorbert detected".

Last Edited by Face Palmer on 10/02/2012 08:47 AM
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Anonymous Coward
User ID: 12064276
United States
10/02/2012 10:23 PM
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Re: Clock ticks on Spain bailout
they are just waiting until the US election is over as a favor to their socialist friend O
Anonymous Coward
User ID: 24276364
10/05/2012 02:27 PM
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Re: Clock ticks on Spain bailout
Spain Finance Minister’s ‘No Bailout’ Remark Sparks Laughter

[link to www.cnbc.com]

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