Re: Re: Eurozone Dominoes Falling!

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#109628
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katy
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Well we are all very clear on the bailout which er. isn’t one! The money will come from the EFSF or maybe the ESM. The interest rate will be 3% or even 4%. Once in Spain the money will be put into FROB( The Fondo de Reestructuración Ordenada Bancaria or FROB is a banking bailout and reconstruction program initiated by the Spanish). The loan will be supervised by the ECB, IMF and the EU. A bit like a Monty Python sketch 😆