Tag Archives: Official Bankia Solid…Heading Draghi’s Way

John Ward – Euroblown : Official Bankia Solid…Heading Draghi’s Way – 28 May 2012

Forget Grexit: this is euroexit

In an amazingly cunning stunt, the Spanish Government plans to pay for Bankia’s nationalisation with its own debt…and then get Mario Draghi’s European Central Bank (ECB) to exchange this junk for cash. And throughout ClubMed, poorer citizens are dumping the banks in favour of cash, while the 3% are dumping the euro in favour of London property. Continue reading