Very good appraisal of the mess SPAIN is in

[David075]

(12 July 2012, 13:12)bigpaul Wrote: i find these "bailouts" of the Eurozone very strange, i mean as far as i can see the EU lends a eurozone country money to pay its debts but then these bailouts are only a loan so it has to be paid back(with interest), so these countries dont get out of debt, the debt is just shifted somewhere else, they still owe the money??

The EU gives the bailout to spain greece etc to be paid back. the EU take the countrys assets as security they dont tell us that but i think thats whats going on, if they cant pay it back the EU takes the country. then we have eu super state

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(12 July 2012, 15:00)David075 Wrote:

(12 July 2012, 13:12)bigpaul Wrote: i find these "bailouts" of the Eurozone very strange, i mean as far as i can see the EU lends a eurozone country money to pay its debts but then these bailouts are only a loan so it has to be paid back(with interest), so these countries dont get out of debt, the debt is just shifted somewhere else, they still owe the money??

The EU gives the bailout to spain greece etc to be paid back. the EU take the countrys assets as security they dont tell us that but i think thats whats going on, if they cant pay it back the EU takes the country. then we have eu super state

What i mean to say is i think is the EU (germany) is basicly taking the country as security for the bailout .