EVEN THOUGH THE EU IS GOING TO LOAN SPANISH BANK $125, 000,000,000.00, THIS DOES ABSOLUTELY NOTHING TO HELP THE SOVEREIGN DEBT AND EASE THE SPANISH TAXPAYERS BURDEN.
SPAIN'S SOVEREIGN DEBT IS AT 90% OF GDP AND EXPECTED TO CLIMB TO 95% BY 2015.
WHAT WITH FITCH GIVING SPAIN A NEARLY JUNK RATING AND GROWTH EXPECTED AT 2+% ANNUALLY FOR THE NEXT FEW YEARS THE PERCENTAGE CHARGED ON SPANISH GOVERNMENT BODS WILL QUICKLY EAT UP THE DEATHLY SLOW MOVEMENT.
SPAIN'S SOVEREIGN DEBT AND COST OF BONDS IS NEARLY THAT OF THE BAILOUT STATES OF IRELAND, PORTUGAL AND GREECE.
AMERICAN IS GETTING THERE QUICKLY WITH OUR MASSIVE ADMINISTRATION SPENDING OF MY AND YOUR $$$$$$$$$$$$$$$$.
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