Another 100 billions burnt yesterday
Oh, yes it's getting more absurd by the day.
Germany's parliament has decided to save Spanish banks with 100 Billions. Well one myth is that Spain guarantees for this 100 Billions. This is very very very absurd.
A state short before a default guarantees 100 Billions. Yes indeed, a thing I surely "believe".
The system press in Germany cheers this as a wise decision. (One may ask for whom, but that's problem to selfish a question) The real absurd thing about it. Spains prime minister has
told us in 2005 that Spain will get more wealthy than Germany. Well no, that probably has not worked. But who cares?