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To: tejek who wrote (114879)6/6/2012 12:26:35 PM
From: mel221  Read Replies (1) | Respond to of 149317
 
That money only cover's Spain's problem banks. It doesn't address any of the other issues.

Deficits
Unemployment
Early retirements and excessive pensions.
thisismoney.co.uk
Lack of growth and competitiveness
Overvalued currency relative to their productivity.

Once again, the solution to too much debt and too much spending is more debt and more spending... for as long as you can get the money.