By John Galt May 22, 2011 The outcome of today’s Spanish elections after a week of heavy and illegal protesting will tell the tale of the tape for the currency markets and the long festering problems of the PIIGS. With S&P downgrading Italy on Friday night (See WSJ- “S&P Lowers Outlook on Italy to Negative on Debt-Plan Risks”), the outcome of this election could well determine the future of the Eurozone as Spain has been declared the line of demarcation and the banksters know that…
My apologies for the brief outage as one of the plugins (WordTwit) caused the system to barf. Should be back to normal now! -John
Recent Comments