So It Was Blackmail, Eh?

Now this is amusing…. and not surprising.

According to El Mundo, Spanish PM  Mariano Rajoy sent a stunning text message to FinMin Guindos prior to the  bailout negotiations.

He said, according to El Muno editor  Pablo Rodriguez: “Resist, we are the 4th power of the EZ. Spain is  not Uganda.”

Translation: We’re a major power, not some random IMF-case banana  Republic.

The followup message (according to Google  translate) “if you want  to force the redemption of Spain will prepare500,000  billion euros and  another 700,000 for Italy, which will have to  be rescued after  us.”


Here folks, here’s your gun — go ahead and shoot us smiley

Suicide by genesis

Sounds like Paulson and Bernanke in the conference room, doesn’t it?

Incidentally, that “deal” didn’t fix anything.  It simply made the problem bigger, which is why I’m going to grab me a big pile of this and sit back and watch the pretty fireworks….


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