Of crazy things happening in Euroland: bailouts that are called loans and capitalism becoming a dirty word.
Martin McCauley writes from London: “The Dutch parliament is to vote on the country’s contribution to the Spanish bailout. This is no academic matter as there is a lot of Dutch pension money invested in Spanish banks and pension funds. Then there is the question of trade.”
Martin McCauley takes a lot at the history of the problem and explains the European situation. There are many links and if you would like to know more then please go over to Stirring Trouble Internationally and get educated there, this is a good post, well done.
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