The critical position in which Spanish banks find themselves means that the EUROZONE and its Euro must "bail them out" !!! There is no other logical solution !!!
Now it is Spain, and next, which country will it be that needs "EURO" help ? ITALY ?
How long will this "ideal" go on for ? How long will Germany and its current politicians be prepared to support the costs of this "idyllic" and "euphoric" adventure to continue ?
When countries overspend, they need to reorganize, very seriously, their finances. This is a basic rule which is even recognized by the EUROZONE dictators !!!
The cost of "reorganising" implies that a country devalues its currency, unless, of course, it is in the EUROZONE !!! In that case it can call on EUROZONE help which means that temporary help is available !!!
In the end, what will happen ? Will German taxpayers and those of other solvent countries, really be prepared to pay through the nose to save the EURO ?
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