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June 10, 2012
Eurozone "buys time" with loan to Spain: 100 billion euros.
Greece, Ireland, Portugal--and now Spain. The European Union and IMF at this point have earmarked 500 billion euros to finance European bailouts. What's remarkable to me is that European policymakers and world markets largely consider this fourth loan of 100 billion euros to be good news. Short term, it certainly is. But long term? How deep and desperate worldwide must the crisis become? See, e.g., at Reuters "Eurozone Agrees To Lend Spain Up To 100 Billion Euros".
Spain's finance minister, Luis de Guindos.
Posted by JD Hull at 11:20 PM | Comments (0)
Pantheon: Chrissie Hynde, Pluperfect Anti-Peasant.
They say that Midwest-bred rocker Chrissie Hynde--and it started way before before the acclaim, fame and money--has no fear of Anything or Anyone. Can you say that? Ms. Hynde resides in our Roman Pantheon.
Way to go Ohio.
Posted by Holden Oliver (Kitzbühel Desk) at 12:59 AM | Comments (0)