The bail-out of Spain by the European nations will, no doubt, cause a bit of excitement on the markets on Monday. Perhaps we will have a bounce, possibly quite a big one, before the same markets actually stop and think.
It's already been suggested that €100bn is no where near enough to resolve Spain's problems; it's also said that Ireland is, again, in trouble, while the unresolved issues affecting Greece, Portugal and Italy will most probably raise their ugly aheads again in the next few months.
The Eurozone, as it is currently configured, is dead. The only people who won't admit this are the politicians whose careers rely on its success and continuation. The longer these morons insist on trying to keep it staggering along, the worse will be the eventual collapse. Why can they not see this ?
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