Well if at first austerity makes most people miserable, blame the same people and give money to the banks…blather…rinse…repeat. Ta-dah!
A bailout of up to €100bn for Spain‘s ailing banks failed to calm nerves about the future of the euro on Monday amid confusion over the plan’s details…But Spain’s borrowing costs rose on Monday, nudging closer to levels that are considered unsustainable and dragging Italy towards the danger zone. Europe‘s stock markets fell slightly, despite an early bounce, the FTSE 100 in London finishing down 0.05%.
Clearly the problem is not enough suffering and not enough given to the banks.
But don’t worry it won’t happen too many more times: