Monday, 11 June 2012 11:40 While the short-term benefits can be weighed against any long-term solution a number of ways, Nigel Farage provides not just the most colorful summation of situation but also the most succinct when he refers to the ‘madness’ of ‘intervention to keep the Euro alive’ as “reinforcement of failure”. The better, and braver, in his opinion, thing to do, is to recognize that those Mediterranean countries should never have joined the Euro in the first place. As we have stated again and again, by kicking-the-can once again to prop up the euro-zone with bailout-after-bailout, all we are doing is prolonging the misery. Read more: Farage On The Spanish Bailout: “A Reinforcement Of Failure” Monday, 11 June 2012 09:57 Banks and euro backers are relieved about the $125 million Spanish bailout, but not everyone is so thrilled. A throng of protesters hit the streets in Madrid yesterday to protest billions going to prop up Spanish banks instead of helping people suffering because of the mad risks taken by financial institutions, notes CBS. "Why should they rescue the banks when our children are starving?" asked one placard outside a Bankia branch in Madrid's Plaza de Celenque, reports the Telegraph. "This is not a rescue for Spain, it's a rescue for the rich. The poor will only get poorer and suffer even more in the months to come," said one resident. Read more: Spanish Protesters Hit Streets Over Bailout Sunday, 10 June 2012 19:47 Sunday, 10 June 2012 11:19 A video by Jay4louise
Monday, 11 June 2012
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