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How Can a Bankrupt Country Bail Out Bankrupt Regions of that Country?

Discussion in 'Political Discussion' started by PatriotsReign, Jul 21, 2012.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    Heck, I don't know...but Spain's gov't officials believe it's possible.

    Which is exactly why Spain will implode very soon.


    Death Spiral in Spain; Six Spanish Regions Seek Aid; Bankrupt Spain to Bail out Bankrupt Regions

    Mish's Global Economic Trend Analysis: Death Spiral in Spain; Six Spanish Regions Seek Aid; Bankrupt Spain to Bail out Bankrupt Regions

    "Eventually most, if not all of those regions will request aid. Spain itself needs a bailout (which it still denies but the market is going to force any time now). The plan in place now is for the bankrupt to bail out the bankrupt"

    Wow...it's pretty scary in the US...but I can not imagine if I were a citizen of Spain, Greece or Italy.
     
    Last edited: Jul 21, 2012
  2. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    It's called a printing press ...
     

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