Oh blast, the markets see it differently: the 10 year Spanish rate was at 6.82% at opening this morning and now it’s at 7.25% (3:30 PM). Unheard of, one has to say. Damned markets!
Voting for the Troïka method – it was pretty obvious – was voting to continue the same slow, downward spiral towards Hell, with the members of the Euro zone like a climbing team roped together, whose ropes, one after the other, are working loose.
Voting against would have brought things to a halt, forcing a rethink of the entire problem – which was exactly what was needed. That wasn’t what happened.
Thanks to the lead writer of Financial Times Deutschland who called last week for the Greeks to vote for New Democracy, thanks to François Hollande who did the same thing, – yours sincerely, a grateful Spain.
As one says of Humpty Dumpty, who fell off his wall: “He was pushed!” Same thing for the Roman Empire: it was pushed. But what on earth possessed Mr. Hollande to be one of the ones doing the pushing?