The
markets have gone after Spain. Italy is firmly in their crosshairs.
Today Monday July 23 Spanish 10yr bond yields surged beyond 7%
and into the zone most analysts regards as imminent sovereign bailout
territory. Its credit rating is next to junk. It's back to summer
madness 2012.
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| Viva Espana. From Moorish Andalusia to bars in Madrid, Spanish submission or resistance to the notorious Troika will be tested soon. 2012 |
Two
of Spain's regions Catalonia and Valencia are broke and seeking
Madrid's help to pay the bills. Before the crisis Spain enjoyed a
boom funded by North European Banks. Now they want their money back.
Debt money talks louder than guns these days but the results are the
same, pain and suffering.
Will
the Spanish go along with a Troika (European Commission, IMF &
European Central Bank) takeover of their country. Who controls the
finances calls the shots is a favourite German expression.
But
it can not go on like this much longer. Never in the history of
conquest has a country submitted to aggressive Imperial will without
some degree of resistance. In pledging total commitment to the Euro
and the expansion of Superstate by financial coercion, the Troika
(and this is now what it stands for) continues to alienate citizens
from the very idea that more Europe is a good thing.
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