Sunday, June 10, 2012

Yikes! A Major Spanish Government Bailout Claim Is Turning to S#!t!


Joe Weisenthal writes:  The extent to which the latest Spanish bank bailout is coming without strings -- a key claim made by the Spanish government -- is in question.

ZeroHedge points to this article in El Pais, which includes this line:

In return for subsidized rates, Spain cede sovereignty over its financial system, but also lose tax sovereignty, contrary to what the Government said yesterday.

Meanwhile. Analyst skepticism is growing….

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