Where are the FG FF LAB cheerleaders today on the Journal. Not one of them commenting since this story started breaking a day ago.

Stability, jobs, growth, etc… Oh yhea they forgot to say they were talking Australia.

The most bitter pill to swallow is the following: Most of Ireland’s spent the last few years wishing/thinking “oh if we could only do it over, we’d never bail out the banks”. Spain has the benefit of hindsight + our example, yet here they are. Rightly or wrongly, (i) the international consensus on how to handle this has not changed one jot (ii) it’s clear there is no version of events where Europe would have bailed out the banks for us (Spain’s in a stronger negotiating position, years later, yet still no joy)

What is it they say again? Keep doing the same thing whilst expecting a different result is a sign of insanity? Europe should be in a padded cell with a straight jacket in that case, although that’s exactly where the Yes men have placed us with their lies about the treaty, lies that have proved our supposed “independent” economists firmly on the discredited / vested interest step! Nearly 20% of esm gone already folks and it’s merely a week since we signed up to the Bundestag revolution! Still think they’ll have a few bob for us next year when we have given them €11 billion?

So the madness continues!! I can’t understand this decision, they know how this pans out!
My commiserations and fraternity to the Spanish people.
It’s Italy next.

Just a side note … Timothy Guithner the US treasury secretary (former Goldman Sachs banker) is the same guy who told our finance minister to pay all the bond holders , 90% of these bonds are insured by huge American insurance companies,notably AIG,among others
If these bonds were not paid the insurance would be called in,which would without doubt destroy most of not all of these companies which in turn would lead to the US soverign having to bail them out
So what is happening Is the ordinary European citizen is bailing out all of these banks,and the politicians who have close links to these banks or are on some cases former bankers (Monti in Italy )are pulling the strings !

And here in spain the prime minister has not said boo, he has not appeared to respond to any questions or give answers to how they plan to pay the interest on this loan, he is of to watch the footbal, this man has not appeared to give any explications in the last 5 months he runs from the joirnalists and leaves by the.back door, he has admitted he does not read any newspapers only the sports papers (Marca) has gone back on every promise made (raising vat, charging dialisis patients for the ambulance ride, cutting funding to public education while raising funding to private catholic schools and last but not least raising income tax for everybody except the super rich who can now avail of a fiscal amnesty to launder their undeclared cash and only pay 10% no questions asked to make it legal)

Spain will take half the ESM wonga. Italy the rest. Roll up, roll up you countries out there, get your claim in today, fantastic 28 day sale, don’t miss out. Now where is that Harvey Norman voice over?

Come into my parlour said the spider to the fly……..

The Bailout is welcomed for now, but when the markets open tomorrow they will want billions more pumped into the banks. The markets will fall.

No one believes any of this will fix the crisis. Just probably closer to the popping point.

It seems to me that if we stay in the EU its good for politicians finances.

It seems to me that we leave the EU and it will be good for the peoples finances.

Its time the EU was destroyed.

The word leaders in the article is a lie. These freaks do not lead anything.

We’re in apocalyptic country if the euro collapses then it’s leymens all over again only much bigger thats why America is worried this in one financial tsunami that the west wants to avoid at all cost but the continuation of the euro means the impoverishment of the workers to fund the wealthy overlords the euro is not about wealth distribution it cant be able to survive so I think the end of the euro is best for the people

Well the banking takeover is in its terminal phase folks. Mission accomplished.
I actually couldn’t believe what I was reading in this article. Timothy Geithner welcomes the decision, you mean Geithner from Goldman Sachs? This is as far as corruption gets.

How exactly is this sovereign? is it the exact same as us?

I cant believe they let their banks get into such a mess that they needed a bailout. Shocking. Just shocking!

Funny how ten years can change things, 2002/3 we were all lauding the euro, how we were no longer looking to the uk but to europe. We were all talking about how European we were, the indo and co laughing at the Brits still using the queens money.

Ten years down the line, we are all cursing the day we signed up to maastricht and looking over the Irish sea with envy at the uk, their sterling and how they sit outside this damn eurozone watching it all cave in slowly and painfully.

Do they ever get tired of parrotting the same stupid comments? (Lagarde, Noonan and co)

It’s like if they keep saying it, that will eventually make it real. Magical thinking.