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The Pain in Spain Flashes Financial Armageddon, Inflation Wars
By: Nadeem_Walayat
This article continues from - Euro-zone Galloping Towards Financial Armageddon
Spain is bankrupting, its central government is bankrupting, its local government is already bankrupt along with most of its banks that have been busy hiding most of their bad loan losses on crashed property developments. The credit markets despite ECB support are fast closing to Spain as it is being forced to pay credit crisis extreme financial armageddon rates of interest to borrow.
http://www.marketoracle.co.uk/Article34978.html
