http://blog.alliancebernstein.com/index.php/2012/06/11/spanish-bank-rescue-package-is-a-step-in-the-right-direction/?utm_source=rss&utm_medium=rss&utm_campaign=spanish-bank-rescue-package-is-a-step-in-the-right-direction The AllianceBernstein Blog on Investing Fri, 24 May 2013 12:06:21 +0000 hourly 1 http://wordpress.org/?v=3.4.1 http://blog.alliancebernstein.com/index.php/2012/06/11/spanish-bank-rescue-package-is-a-step-in-the-right-direction/#comment-10910 julius robinson Tue, 12 Jun 2012 22:02:27 +0000 http://blog.alliancebernstein.com/?p=2035#comment-10910 What are alternatives to global fiscal collapse? This fiscal crisis had bbeen approaching for a long time. What are alternatives to global fiscal collapse? This fiscal crisis had bbeen approaching for a long time.

]]> http://blog.alliancebernstein.com/index.php/2012/06/11/spanish-bank-rescue-package-is-a-step-in-the-right-direction/#comment-10760 gwbramhall Mon, 11 Jun 2012 18:52:33 +0000 http://blog.alliancebernstein.com/?p=2035#comment-10760 How is this bailbout any more than another finger in the financial dyke? Until there are significant changes in what the Spanish people demand of their government, they are just kicking the can down the path to eventual financial ruin. And this goes as well for the Greeks and the other troubled countries of Europe. The financially stronger countries will eventually stop writing these blank checks or follow them to their fiscal doom. How is this bailbout any more than another finger
in the financial dyke? Until there are significant changes
in what the Spanish people demand of their government,
they are just kicking the can down the path to eventual
financial ruin. And this goes as well for the Greeks and
the other troubled countries of Europe. The financially stronger countries will eventually stop writing these blank
checks or follow them to their fiscal doom.

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