Re: Re: Eurozone Dominoes Falling!



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 😆