That’s $1500 for every EU citizen…to bail out two countries
Worse still, two-thirds of it doesn’t exist
Every penny of it represents completely wasted money. Why?
Because it is a muddle-through hybrid like everything Sprout & Kraut Inc do: it won’t stop the financial forest fire engulfing Europe, and it isn’t a bailout: it’s simply designed to buy up the bond debt for which Spain and Italy are liable. Continue reading