http://www.cotizalia.com/cache/2008/09/15/noticias_63_espana_salirse_sufrira_crisis_mayor.html The insurance giant AIG says that if Spain doesn't get out of the Eurozone, it will suffer a crysis worse than the United State's 1930's decade great depression. Spain has some gorgoreous external debt, if it goes out of the eurozone, and goes back to the peseta, the peseta would devaluate for balancing the local economy but the external debt would be valuated the same way it was and would be completely unpayable. If it stays in the Eurozone, it will probably strangulate because of the unbalanced economy comparated with the other european giants. :shrug:
Don't worry andoba, you can buy fully automatic weapons there right? Then you can go Bonnie and Clyde style. Just go pickup a Browning Automatic Rifle. Anyway, the economy all over seems to be in the shitty these days. Just pray it doesn't get too bad or stay this bad for too long.
Consider that Spain just surpassed Italy in the interal product and unemployed scales (not that this would be so hard, but hey its a progress..) They are NOWHERE near to get bankrupted.
AIG was shored up with a $85bn loan (paid for by the good ol' tax payers of the USA!) Makes you wonder just where and when the tax payers coffers will be slammed shut?
AIG being broke as fuck aside, Spain has the 2nd largest debt of any nation. (according to the CIA's world fact book) https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html Funny how the USA is the most broke of them all, and CIA has it on their site (which is .gov by the way) Bottom 3 186 United Kingdom $ -136,200,000,000 2007 est. 187 Spain $ -145,600,000,000 2007 est. 188 United States $ -738,600,000,000 2007 est. Top 3 1 China $ 360,700,000,000 2007 est. 2 Japan $ 212,800,000,000 2007 est. 3 Germany $ 185,000,000,000 2007 est.
Only 145 billion? That's a damn penny, IIRC my state, which is the one with the biggest debt of the country BTW, has a debt of 20 something billion euros to the state only in health so... :\
