Recession-hit Spaniards will this week be told to swallow yet more austerity as the government prepares a fresh round of reforms and another budget filled with spending cuts and tax increases that will allow it to seek a bailout from eurozone partners.
Pension freezes are also expected to form part of a raft measures to prepare the way for the European Central Bank (ECB) to give Spain support to control borrowing costs that will eat up a large chunk of next year's budget.
Monday, September 24, 2012
I f-ing hate monopoly
It just dawned on me what the eurozone disaster reminds me of: the agonizing endgame of monopoly where the strongest player uses market power to extract more and more concessions from the weaker players until, inevitably, one asshole owns all of Spain and Greece. Err... Boardwalk and park place, I mean. See?