Spanish mess silver lining


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$120 Billion bailout of Spain’s troubled banks will temporarily recapitalize Spanish banks. But the bailout will trigger negative reactions.

Austerity measures will spur protests from the citizens which will provide alot of pressure on the government. The euro will sink in value because of the combined effect of the bailout and the austerity measures.

The stress on the economy of Spain will spread to Italy and in my opinion lead to the breakup of the euro zone once Germany realizes that by continuing to bailout these failing economies they are just dooming there own.

In the end the wheels will come off and a great financial destruction will sweep over much of the world. A strong Germany can help lead Europe back to strength by staying strong and renouncing socialism once and for all.

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About Commish Greg

I have had a life long love affair with the New York Yankees and baseball period. In my retirement I've discovered the hobby of sports game simulation through online gaming. I also have collected cards and memorabilia since I was 7 years old in 1961. I inherited from my uncle the collections starting from 1956 - 1960 and in 1961 I started my own collecting. I started an online league through Out Of The Park Development and their game OOTP16. The name of the league is the Alternate History Baseball League and it began in the 1954 baseball season when I and fifteen others held an inaugural draft and began the AHBL league in earnest. In my blog I will review the AHBL league and also mix some pop culture and historic events from real life. I hope you enjoy !
This entry was posted in Empire, Finance, Nanny State, Opinion, Politics, World News and tagged , , , , . Bookmark the permalink.

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