The Spanish Bailed Out For Less Than A Day!
In order to promote the Federal European State and further the dubious aims of the Bilderberger conspiracies, money to bribe reluctant peoples was required. This was poured into the "poorer" Southern nations in the form of loans and grants to fuel debt ridden expansion.
This largesse was naturally embezzled like crazy in developer and agricultural scams coupled with a gold rush by bankers to get their claws into this pile of money being haemorrhaged by the ever more indebted North. This ponzi scheme, whereby money from one source was used to shore up liabilities elsewhere, could never last.
The trouble was, in the course of this madness, a monolithic structure of a bureaucracy was built as a bastion against future collapse. Now it is regarded that, not only banks are too big to fail, so is The EU. Now where I'm sitting that doesn't look so chipper a theory. Certainly 100 billion euros from God knows where, has lasted but less than a day in the Markets.
The sleight of hand over the weekend caused a spike in the trading halls only for it to fizzle out like air from a leaky balloon. The squeaking noise was the same sound, as well!
So what next? Easy. More theft from the millions holding personal savings and or pensions. A complex combination of taxation, VAT and inflationary moves will be employed to wrestle those left with a few cents, to the floor. It still will result in the impoverishment of the masses and the present hardships will seem a walk in the park. The only consolation will be the tumble weed blowing through the derelict office blocks and palaces of Brussels. Sadly not in my lifetime.