Tag Archives: Euroblown : Slog’s Allegations Of Social Security Hock Finally Quantified

John Ward – Euroblown : Slog’s Allegations Of Social Security Hock Finally Quantified – 9 April 2012

In Spain, unpaid bills, public company debt, and Spanish sovereign bonds amount to 870 billion euros. More disturbing still – I’ve posted about this before many times – is the degree to which Spain’s social insurance budget is also deep in hock. The social security reserve fund is where the Spanish are supposed to be accumulating resources to help pay for their pensions. But this is the last thing they’re doing. Continue reading