As of May, Spain owed more than $1.1 trillion, of which 2/3 was owed to France, Germany and the U.K.. You can rest assured it hasn't gotten better in the past 6 months. Spainish downgrade is a foregone conclusion. No one ever wants to take the step all at once to deliver the bad news...thus you get it a bit at a time. Spain will default... and so will Italy...who owed $1.4 trillion at the same time. The whole system will fall, and you had better get ready for the aftermathMoody was giving garbage CDOs triple As.
Doesn't this mean Spain is worse than garbage or they are not paying Moody
enough money for the rating?My piggy bank has a negative cash flow
Please IMF and World bank give me a loan
one billion would do
I promise an austerity plan, I will only keep one wifeSpain will be the next economy to fall like Greece, after that will come Italy, then Ireland.
Remember, the slave told you first.
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