Over five columns of page one the press announced the “rescue" of the Spanish banks, at a cost of 100,000 million Euros. The Eurogroup [the meeting of the finance ministers of the Euro zone] thus ratified the opulence of the measures taken to support the failing bankers: “All necessary public money will be available” as Spanish finance minister Luís de Guindos put it when the Bankia crisis broke out.

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<a href="http://www.internationalviewpoint.org/spip.php?rubrique197" rel="directory">IV450 - July 2012</a>

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<a href="http://www.internationalviewpoint.org/spip.php?mot33" rel="tag">Spanish state</a>,
<a href="http://www.internationalviewpoint.org/spip.php?mot306" rel="tag">Debt</a>