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To: GeronL
The word has always been that Spain is too big an economy for EZ to bail out.

AEP should have emphasized that in this article. Afterall, that's where the idea came from at least two years ago when Ireland went bust.

Also it should be remembered what "asking for an ECB bailout" means.

It means that a country turns over its fiscal sovereignty to the EU. The Commission takes over the treasury of the country, everything having to do with national finances, including banks.

yitbos

7 posted on 09/04/2012 3:26:59 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman

too big to bail

lol


8 posted on 09/04/2012 3:52:15 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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