Spain wants to bail-out its banks with foreign money without
increasing public debt
This weekend Spain announced that it will ask for foreign
aid to bail-out its banking system. This is an interesting idea because, unlike
Britain that increased its public debt to rescue banks, Spain wants to rescue
its banks without having to spend a penny and without budget cuts. Great idea!
Why didn’t the British government think about something similar?
It is an interesting proposition and very similar to Greece’s
position. Greece wants to avoid paying its debts while staying within the group
of Euro countries. In one word, they want to keep the goods and have a refund
at the same time. Wonderful! And this comes on top of not paying taxes.
No comments:
Post a Comment