Spain threatens to RUPTURE eurozone: Investors on edge as Spanish vote compared to Greece
Submitted by IWB, on December 21st, 2015
SPAIN could create a major eurozone rupture in 2016, after the country’s incumbent Government failed to secure a majority vote over the weekend, fear investors.
Spain’s far-left anti-austerity party Podemos – similar to Greece’s Syriza party – enjoyed unprecedented support, showed election results. And critics fear the new Government may start to turn its back on reducing the country’s huge debt mountain, which could once again plunge the union into crisis further down the line. The election result took the wind out of European markets this morning, with the Spanish main market the Ibex falling by almost 3 per cent…
This is one of the reasons Cameron’s bringing forward the EU Brexit referendum to June. He knows after that it’s all going to collapse. Plus there’s this:
ESMA Announces European Swap Clearing To Start In June 2016
http://www.mondaq.com/unitedstates/x/452902/Commodities%20Derivatives%20Stock%20Exchanges/ESMA%20Announces%20European%20Swap%20Clearing%20To%20Start%20In%20June%202016
The Spanish have quite some trouble, internal and external.
The state of Cataluña, which makes up for almost 80% of spain’s real GDP, just voted to seperate from the kingdom. Due to tourism there is an enormous amount of cash involved. Its the tit the whole of Spain is sucking on, for centuries. They are sick and tired to feed the rest of the country and pay for corrupt political decisions. The Madrid gov is in panic mode and threatens with force already.
Spain is about to break in pieces, civil war threatens.
The Peseta will be widely embraced if the Euro is being ditched. Most banks still display balances still in both values, after more than a decade of the Euro.
The unemployment rate among youngsters is above 50%, rents are ridicoulsly high in the cities, the mob is boiling, poor wellfare, there could be blood in the streets, soon. Since a couple of months there is a law in power, making it a felony to critcise any gov organ, police, administration, whatsoever. Many people got huge fines already, some even jailed, because they couldn’t pay. They introduced a new squadron screening social media for comments. Police presence, impertinence and drill had a huge rise. It would have an exponential effect, would be the end of the EU as we know it.
Catalonia MPs vote for secession as Spain looks to block plans in court
http://www.theguardian.com/world/2015/nov/09/catalonia-mps-to-vote-on-secession-plan-in-showdown-with-spains-government
Tess
Spain’s far-left anti-austerity party Podemos – similar to Greece’s Syriza party – enjoyed unprecedented support, showed election results. And critics fear the new Government may start to turn its back on reducing the country’s huge debt mountain, which could once again plunge the union into crisis further down the line. The election result took the wind out of European markets this morning, with the Spanish main market the Ibex falling by almost 3 per cent…
ESMA Announces European Swap Clearing To Start In June 2016
http://www.mondaq.com/unitedstates/x/452902/Commodities%20Derivatives%20Stock%20Exchanges/ESMA%20Announces%20European%20Swap%20Clearing%20To%20Start%20In%20June%202016
The Spanish have quite some trouble, internal and external.
The state of Cataluña, which makes up for almost 80% of spain’s real GDP, just voted to seperate from the kingdom. Due to tourism there is an enormous amount of cash involved. Its the tit the whole of Spain is sucking on, for centuries. They are sick and tired to feed the rest of the country and pay for corrupt political decisions. The Madrid gov is in panic mode and threatens with force already.
Spain is about to break in pieces, civil war threatens.
The Peseta will be widely embraced if the Euro is being ditched. Most banks still display balances still in both values, after more than a decade of the Euro.
The unemployment rate among youngsters is above 50%, rents are ridicoulsly high in the cities, the mob is boiling, poor wellfare, there could be blood in the streets, soon. Since a couple of months there is a law in power, making it a felony to critcise any gov organ, police, administration, whatsoever. Many people got huge fines already, some even jailed, because they couldn’t pay. They introduced a new squadron screening social media for comments. Police presence, impertinence and drill had a huge rise. It would have an exponential effect, would be the end of the EU as we know it.
Catalonia MPs vote for secession as Spain looks to block plans in court
http://www.theguardian.com/world/2015/nov/09/catalonia-mps-to-vote-on-secession-plan-in-showdown-with-spains-government
Tess