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| User Info | Your Daily Spain Update. SAVED or not SAVED?; entered at 2012-06-11 11:15:07 | |||
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Rvacha Posts: 8300 Registered: 2008-10-03 Cleveland 
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With ESM ratification months away (if ever) and something resembling "funding" even more months away I doubt Spain will tap it - their banks won't last that long. Since the market perceives the ESM as being the "big bazooka" of course the technocrats want to drop the word "ESM" in as many conversations as possible. The reality is EFSF, and it is busted now.
2012-06-11 11:15:07
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