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It's going to matter a great deal which side wins, because if the Spanish win, then the potential for crossborder mayhem is minimal.  But if other European countries follow the Irish, there is going to be the potential that this could trigger multiple bank failures as money chases bank guarantees across national borders.

Spain rules! (Or should)

Excuse the economic nationalist moment.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Carrie (migeru at eurotrib dot com) on Thu Oct 2nd, 2008 at 04:48:08 PM EST
Living in a former Spanish colony as I do ...

If you guys promise to chuck-out the Texans the idea has a certain appeal.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Thu Oct 2nd, 2008 at 04:57:38 PM EST
[ Parent ]
Viva Espana......

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 05:01:33 PM EST
[ Parent ]
Maybe this is why McCain has refused to talk to Zapatero - and referred to Spain as being in Latin America....

(He even erroneously referred to Ireland having an 11% corporate tax rate in the great debate - something I haven't seen corrected anywhere - including all the US fact check sites.

Vote McCain for war without gain

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Oct 2nd, 2008 at 05:08:21 PM EST
[ Parent ]


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