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A comment on Why Crisis in Spain This Week Became More Important Than Greece.

Re:Why Crisis in Spain This Week Became More Important Than ... by mcantelon on Monday May 28, 2012 @12:18AM (#4031909)
>In fact in the case of France much of the local debt was inherited from the central Government, which “delegated” the debt to localities where national funds were spent, effectively reducing the national debt headline figure. French finance Minister during this process was Christine Lagarde, now head of the IMF.

Interesting: a uniformly distributed, uniformly crippling debt. The public will be forced to adopt whatever the business community's EU/IMF proxies ask for in exchange for debt maintenance.

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Re:Why Crisis in Spain This Week Became More Important Than ... by incredimike on Monday May 28, 2012 @02:00AM (#4032166)
Without trying to sound like a foil-hat wearing loonie, I feel like this is the direction things will go, and the IMF (and related orgs) will welcome it.
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