Why Spain Is All That Matters for Europe's Future

[Joanne98]

Last Spring it was Greece that was in crisis mode—then last week, it was Ireland—and coming up next is Portugal—but all those pale in comparison to Spain.

If I had to bet on which country will bring about the end of the euro—and perhaps even the end of the European Union—I’d have to say it’s Spain. Right now, no one is talking about Spain—Spanish spreads are as quiet as a guilty man in a police line-up—everyone’s too concerned over Ireland, and the upcoming Portuguese Situation.

But Spain is the key—Spain is what you should be paying attention to, if you want to find out what will happen to the European Monetary Union (EMU), and the European Union (EU) itself.

First, a recap of last week’s exciting episode of I’m an Insolvent Nation—Get Me Out Of Here!:

http://seekingalpha.com/article/238452-why-spain-is-all-that-matters-for-europe-s-future

[xchrom]

1. I don't want to see the demise of the EU - I want to see

The demise of The People having to bear the brunt of bad decisions
Made by corporate influenced governments. Oh and
The IMF.

All these crap decisions do is put more money
Into the hands of those who fucked it up.

[bemildred]

2. Empires are expensive. nt

[Mojorabbit]

3. This whole situation has me concerned

I don't want to see a domino effect cause a huge collapse.

[roamer65]

4. Currency union without political union is doomed to failure.

It is just like proverbial "cart before the horse".

[Bigmack]

5. What effect will the fall of Spain...

even the fall of the Euro have to do with us?

I'll be even more blunt. What effect will it have on me and mine.

When I was young, I cared about the world. Now that the greedheads rule everywhere, I'm concerned about survival.