You Can’t Make This Kind of Stuff Up

As part of Spain’s rescue, Italy, with about a 120% debt to GDP ratio, is borrowing at over 6%, and then lending to Spain at 3%. Who will lend to Italy next week? Spain? More likely, you will.

Advertisements
Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: