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The Spanish PM announced today his country's banking system has collapsed and it's barely caused...

The Spanish PM announced today his country's banking system has collapsed and it's barely caused a whisper, writes Adam Button. Being locked out of debt markets isn't "theoretical," PM Rajoy told the Senate, ("it's) happening to the immense majority of regions, our whole financial sector and most big companies." Madrid -3.7%, STD -6.8%, BBVA -7.1%.
Comments (5)
  • Mr. Rajoy should stop whining and start printing Nuevos Pesetas if he doesn't like the austerity.
    9 May 2012, 09:15 AM Reply Like
  • He is right......but remember..Spain is a huge Domino
    9 May 2012, 09:25 AM Reply Like
  • Way to calm your people there Spanish PM. If this causes a run on the banks, he should be taken behind the barn and you know what.
    9 May 2012, 09:30 AM Reply Like
  • Kicking the can down the road and putting out rosy PR to calm the masses has not worked - - how many times has Eu "solved" this problem.
    9 May 2012, 10:13 AM Reply Like
  • Sure am glad we got that Spanish problem taken care of months ago, else we'd have to be worried about this.
    9 May 2012, 09:30 AM Reply Like
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