Posts from the ‘The National Debt’ Category

Thousands in Spain protest to defend pensions



Thousands in Spain protest to defend pensions (via AFP)

Whistles blowing and horns honking, thousands of people demonstrated Monday in Madrid to defend their pensions from the austerity policies of the right-wing government of Mariano Rajoy. Spain's government broke a key election commitment in November by saying it would fail to raise pensions in line…

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Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt



Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt (via Market Shadows)

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that…

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