You have to admire the gall of these people. A week ago Spain was denying it needed a bailout; now we get THIS:
“Alluding to Portugal and Spain, he (Zapatero of Spain) said a third country will need a rescue as soon as “January or February”, and fourth soon after, at which point it will contaminate the whole of Europe and get out of hand. If the ECB bought just a third as much public debt as the US Federal Reserve is doing, we could stop the speculation,” he said.
What a tosser. Mr Shoemaker!
1) It is ALREADY OUT OF HAND, and
YOU DID IT.
2) You’re not holding up the US as an example are you? Do you REALLY think going TRILLIONS into debt is the solution?
The man is a moron, but there are a lot of them about. Unfortunately, a high percentage are “leaders”.