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A Confused Spain "Rebels" Against Germany... On Twitter

Tyler Durden's picture





 

Spain has not even asked Germany Europe for a formal bailout (well they did, but promptly recanted), not has Germany even granted one, and already the fiesty Iberians are protesting against Germany... if only on twitter. As can be seen below the #stopmerkel hashtags has taken Spain by storm. While we wholeheartedly support this expression of independence, we are a little confused just what Spain is protesting: a German bailout of insolvent Spanish banks? We expect once the initial "twitter revolt" subsides, and Spanish citizens realize they would rather have EURs than 95% devalued pesetas, or even Spiderman towels, in their insolvent banks, they will promptly revert to #merkelgive.

 


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Thu, 06/07/2012 - 14:45 | Link to Comment dhfry@yahoo.com
dhfry@yahoo.com's picture

#merkelpare

Thu, 06/07/2012 - 14:48 | Link to Comment jcia
jcia's picture

first comment
citizens should unite against the power of our money. They play divide and conquer to keep us down. #publicemployee
third comment
Just in case... I will get back out my greece annotations
4th comment
STop merkel and the government of multinationals. ! SOVEREIGN POPULARITY!
5th comment
leave us alone, there are other ways to do this!!!!

Thu, 06/07/2012 - 14:50 | Link to Comment CClarity
CClarity's picture

Trending in 2nd position in both Barcelona and Madrid twitter zones.  Love it!

Thu, 06/07/2012 - 15:43 | Link to Comment Ahmeexnal
Thu, 06/07/2012 - 15:44 | Link to Comment Precious
Precious's picture

#StopMerkel  #StopMerkel  #StopMerkel

What was it Einstein said about people who do the same thing over, expecting a different result ?

Thu, 06/07/2012 - 16:21 | Link to Comment Jack Napier
Jack Napier's picture

That they would make excellent central bankers.

Thu, 06/07/2012 - 17:23 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Swelling on Titter...errr..Twitter...

 

Thu, 06/07/2012 - 22:53 | Link to Comment palmereldritch
palmereldritch's picture

#Araña toallas perraz!

Thu, 06/07/2012 - 16:22 | Link to Comment GtownSLV
GtownSLV's picture

This reminds me of all the beggers around here holding up signs "Hungry... anything helps" and when you give them food they chuck it back at your car.

You people are tools blaming Merkel. Greece, Spain, Italy, Ireland... and the rest of the lazy Europa-sites could cut there budgets and not keep begging Merkel for hand-outs. Or better yet just default and get it over.

Thu, 06/07/2012 - 19:31 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Can the UK and Barry really order the Huns around like that?

"...the British prime minister will tell Merkel the US and the UK are insisting on "an immediate plan" on the euro...."

Thu, 06/07/2012 - 14:51 | Link to Comment Colombian Gringo
Colombian Gringo's picture

On behalf of Merkels vibrator:  Stop, stop for the love of God, O, NO, not again!!!

Thu, 06/07/2012 - 15:08 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

This is starting to remind of the ole' Jerry Clower storry:

Jerry went coon huntin' with Big John and they tree what they think is a coon. So Big John climbs the tree to knock the coon out so the dogs can kill it. Only problem was Big John didn't find a coon, he found a pissed off Bob Cat.

So the hollerin' starts -

Jerry yells up - "Knock 'em out Big John!"

Big John screams in pain!

Jerry yells up - "Knock 'em out Big John!"

After scrapping with the Bob Cat for long enough Big John yells back - 

"JUST SHOOT UP HERE AMONGST US... ONE OF US HAS GOT TO GET SOME RELIEF!!!"

Thu, 06/07/2012 - 15:18 | Link to Comment macholatte
macholatte's picture

 

Back to Fundamentals => its all about self image and ego

 

As Spain's prime minister, Mariano Rajoy, came under mounting international pressure to accept the eurozone's fourth national bailout in two years, the government in Madrid angrily rejected the demands, insisting that it did not need rescuing.

 Sources familiar with the Spanish government's thinking said its negotiating position was that the fundamental quandary facing the eurozone was not Spain, but a European failure of leadership in persuading the financial markets that the euro would be defended at all costs.


Madrid calls for Europe-wide plan but resists 'humiliation' of national bailout

http://www.guardian.co.uk/business/2012/jun/06/spain-euro-finished-fisca...

Thu, 06/07/2012 - 15:19 | Link to Comment macholatte
macholatte's picture

 

A deal is in the works that would allow Spain to recapitalize its stricken banks with aid from its European partners but avoid the embarrassment of having to adopt new economic reforms imposed from the outside, German officials say. 

 

Germany Finalizing Face-Saving Deal for Spain: Report

http://www.cnbc.com/id/47707854

Thu, 06/07/2012 - 15:42 | Link to Comment Precious
Precious's picture

The pen was mightier than the sword.

Thu, 06/07/2012 - 16:13 | Link to Comment Doña K
Doña K's picture

Freedom and self determination has no price.

Yes! a devalued peseta is much better than the euro of many colours  

Thu, 06/07/2012 - 16:31 | Link to Comment Joe A
Joe A's picture

We don't want to upset macho Iberic sentiments now, do we?

Thu, 06/07/2012 - 14:55 | Link to Comment jcia
jcia's picture

Retards. What I wrote was a translation of picture that was posted.

Thu, 06/07/2012 - 15:01 | Link to Comment LULZBank
LULZBank's picture

This is Fight Club. Sometimes we fight for no apparent reason.

Thu, 06/07/2012 - 15:15 | Link to Comment Dr. Engali
Dr. Engali's picture

And sometimes we are just retards.

Thu, 06/07/2012 - 15:21 | Link to Comment LULZBank
LULZBank's picture

Be critical of Gold stacking or make fun of blowtorched Silver bugs, THEN you see the FULL RETARD here!!

 

Edit: Okay, okay just kidding!

Thu, 06/07/2012 - 15:23 | Link to Comment Ghordius
Ghordius's picture

Junked you. wheeeeeeeee!!!!

Thu, 06/07/2012 - 16:02 | Link to Comment BandGap
BandGap's picture

Sometimes? Speak for yourself.

Thu, 06/07/2012 - 15:18 | Link to Comment skepticCarl
skepticCarl's picture

jcia, you get junked if you don't use profanity. Or the standard cliches. And you are right about us Zero Herder retards.

Thu, 06/07/2012 - 15:25 | Link to Comment Ghordius
Ghordius's picture

Or if you care if it's red or green or whatever

Thu, 06/07/2012 - 15:28 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

How's that feel?

Thu, 06/07/2012 - 15:35 | Link to Comment LULZBank
LULZBank's picture

+1

Hahaha... well timed and well put!

Thu, 06/07/2012 - 15:44 | Link to Comment Ghordius
Ghordius's picture

-1
Bitchez

Thu, 06/07/2012 - 15:06 | Link to Comment Zionist Jew
Zionist Jew's picture

The Euro crisis is emblematic of a need for more centralization, and an end to national sovereignty. 

 

Thu, 06/07/2012 - 15:09 | Link to Comment LULZBank
LULZBank's picture

The Euro crisis is emblematic of a need for more centralization, and an end to national sovereignty.

How about we start from Middle East, first none other than Israel, the beacon of Democracy and Civilisation in the region? Then we role out "democracy" and let the majority decide on "centralization."

Thu, 06/07/2012 - 15:40 | Link to Comment Zionist Jew
Zionist Jew's picture

The problem with the Middle East is the Arab, and their beastly customs.  Jews are God's chosen people and have every right to exist on land promised to us.

 

No matter, Christians and Muslims will continue to eliminate each other, while we consolidate more wealth and control. 

Thu, 06/07/2012 - 15:49 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Yeah and the problem with NY and Israel is there are too many tailors.

Thu, 06/07/2012 - 16:22 | Link to Comment LULZBank
LULZBank's picture

And you guys left Europe and went there because you like those "problems?"

Maybe God is playing a trick on you guys? :)

Thu, 06/07/2012 - 18:43 | Link to Comment frenchie
frenchie's picture

the problem with the World is the jude...

Thu, 06/07/2012 - 15:21 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

That shit ain't gonna play ZJ. Not down here in the Southern US. The good ole' boys 'round these parts won't take to kindly to anyone stealing the rights to our land, or the rights to pay taxes to the US gobermint on land we occupy...

Wait I lost track of where I was going with that, but I think my point was we've been owning this land 'round here since... well since we killed off all those damn Indians that were squatting on it, and we ain't giving it up for no one World Gobermint!

Thu, 06/07/2012 - 15:25 | Link to Comment LULZBank
LULZBank's picture

anyone stealing the rights to our land, or the rights to pay taxes to the US gobermint on land we occupy...

Got your sarcasm ... but just a thought, that this is where people go wrong thinking the One World Gobermint or Elitists want to take all your land and money.

No ...

They have armies at command and can conquer all the land they want.

They have printing presses, they can print all the money they want.

What they really want is your servitude, you waving flags when they drive by and wagging your tail like a dog when they throw you a bone and be thankful and participate in all their charades and their ponzis.

The only thing that will kill them is your indifference.

Thu, 06/07/2012 - 15:37 | Link to Comment iDealMeat
iDealMeat's picture

+1, Yup, stop caring..  much less stress..

Thu, 06/07/2012 - 15:38 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Listen foreign boy... don't be talking 'bout my flag or my dog.

Thu, 06/07/2012 - 16:33 | Link to Comment LULZBank
LULZBank's picture

Listen foreign boy... don't be talking 'bout my flag or my dog.

I did'nt say a word about your president.

Thu, 06/07/2012 - 16:13 | Link to Comment Nobody For President
Nobody For President's picture

The only thing that will kill them is your indifference.

 

Naw, there are many other alternatives.

http://www.youtube.com/watch?v=QRYwMrsaLxs

Thu, 06/07/2012 - 15:35 | Link to Comment Zionist Jew
Zionist Jew's picture

You goys are laughable.  You cling to your guns and romance about an obsolete document that has no meaning.  The illusion of freedom will soon be exposed when we crash your currency and implement Martial Law. 

Thu, 06/07/2012 - 15:45 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Martial Law... that's a good one... there are so many red necks 'round here and most of them are National Guard or retired military... ain't gonna be no Marial Law 'round here...

It's gonna be New Law... enforced by the good ole' boys. No stinking NY bankers allowed. We'll have our own banks, food, water, guns, Bibles. All you city folk will wish you knew how to garden and hunt, but we already have that there knowledge.

Thu, 06/07/2012 - 16:54 | Link to Comment NotApplicable
NotApplicable's picture

As long as the Georgia Guidestones still stand you'll find that you're well encaged by the good ole' boys who suck up to local power along with their elite-controlled institutions. Seems that even the "Civil War" couldn't divide the Masons who were loyal to each other above all else.

Thu, 06/07/2012 - 16:56 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

You two clowns should take your act on the road.

#callingbullshit

Thu, 06/07/2012 - 18:31 | Link to Comment dogbreath
dogbreath's picture

I didn't junk you but aren't you a little thin on the details of this martial law.  The uninformed here would need to know what this martial law will look like.  For instance,  can we expect south american style death squads complete with nun rapings, mass disappearances,  and torture prisons.  Will the martial law be neccessary to protect us from the increasing number of bombings of markets and churches where many inocents are killed by psyco suicide bombers.  Help us out here

Thu, 06/07/2012 - 20:59 | Link to Comment Zionist Jew
Zionist Jew's picture

Sure, why not.

The next false flag is biological, and is already underway. As for London Olympics, read Rockefeller foundation report and Lock Step Scenario.

Most you retards will voluntarily submit yourself to our detention facilities, in the wake of a currency crisis, civil unrest, and widespread pandemics.

Dont worry though, a stack of Au/Ag will save you... HAHAHA!

Thu, 06/07/2012 - 22:26 | Link to Comment dogbreath
dogbreath's picture

You seem to know alot, but what biological false flag.  The msm hasn't reported anything.     We're all going to die somtime so it don't matter.   

Thu, 06/07/2012 - 22:32 | Link to Comment Zionist Jew
Zionist Jew's picture

the flesh eating variety

Fri, 06/08/2012 - 00:57 | Link to Comment dogbreath
dogbreath's picture

Well you guys better get busy before the giant meteor slams into earth and creates a big reset

Thu, 06/07/2012 - 21:13 | Link to Comment Paracelsus
Paracelsus's picture

Three oh six in the afternoon and you are already pissed...

 First,common currency and then down the road political

integration.We can't even get past the first post...

 

Thu, 06/07/2012 - 17:51 | Link to Comment noses
noses's picture

Yeah. Citizens unite. Stop using the Euro. I am willing to take all of the Euros you don't want to use anymore.

 

Morons. Spain currently seems to be filled with them. They should have known that nobody ever got out of their economic problems by building more and more stuff without being able to pay for it.

Thu, 06/07/2012 - 14:49 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

That's the best

dissenters can do...?!!

Or lack of 'gauchiste' lefty arguments?

M. Hollande, please step up and

turn French debt into a retirement-at-35-program. Please!

 

Thu, 06/07/2012 - 14:56 | Link to Comment Ahmeexnal
Ahmeexnal's picture

No, it's not the best. But it's the starting point.
It's only a matter of days for Merkel's charred remains to be found near the entrance to her bunker.

Thu, 06/07/2012 - 15:45 | Link to Comment Babushka
Babushka's picture

What the fuck do you know about her?

I am not saing she is a hotty but for sure she is not exactly your kind of smily Mr. President.

I bet you my bachelor pants she is gonna be alright and probably getting lined up with russky shame she can't stand Putin.

Fri, 06/08/2012 - 09:36 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

Creep, get a shave!

Repeating your germanophobe

nonsense time and time again

doesn't make it any better...

Troll back into that cave you came from.

Thu, 06/07/2012 - 15:35 | Link to Comment Eireann go Brach
Eireann go Brach's picture

Twitter...giving the 52% unemployed degenerate youngsters of Spain something to do whilst looking for jobs!

Thu, 06/07/2012 - 15:39 | Link to Comment battle axe
battle axe's picture

VIVA LA REVOLUTION: Oh, wait  a minute, we can not afford it right now, we owe Germany. Damn it. 

 

Thu, 06/07/2012 - 14:45 | Link to Comment Poetic injustice
Poetic injustice's picture

That's because they have high unemployment, and a lot of free time.
It's not like Germany wants to bail them out.

Thu, 06/07/2012 - 14:46 | Link to Comment junkyardjack
junkyardjack's picture

Sheep being sheep...

Thu, 06/07/2012 - 14:47 | Link to Comment StrictlyNumbers
StrictlyNumbers's picture

#merkelpaysSpainplays

Thu, 06/07/2012 - 14:50 | Link to Comment Animal Cracker
Animal Cracker's picture

wtf?

Thu, 06/07/2012 - 18:30 | Link to Comment CPL
CPL's picture

We like muppets around here.

Thu, 06/07/2012 - 14:47 | Link to Comment Dr. Engali
Dr. Engali's picture

Those nasty German's. If you don't stop we will show you and call you names on Twitter. That will teach you a lesson.

Thu, 06/07/2012 - 14:52 | Link to Comment NotAMathWhiz
NotAMathWhiz's picture

We will fart in your general direction...

Oh, wait, that was the French.

Thu, 06/07/2012 - 14:55 | Link to Comment NotApplicable
NotApplicable's picture

Oh, sure, just cut in front of me like that...

Thu, 06/07/2012 - 15:00 | Link to Comment sunaJ
sunaJ's picture

...and directed at the Britons.

Thu, 06/07/2012 - 15:04 | Link to Comment Dr. Engali
Dr. Engali's picture

Fetchez la vache

Thu, 06/07/2012 - 18:32 | Link to Comment CPL
CPL's picture

puante pet pour toi...stinky fart for you.

Thu, 06/07/2012 - 14:55 | Link to Comment NotApplicable
NotApplicable's picture

Now go away or I shall taunt you a second time!

Thu, 06/07/2012 - 15:00 | Link to Comment booboo
booboo's picture

Your father was a hamster and your mother smelt of elderberries

Thu, 06/07/2012 - 14:48 | Link to Comment SemperFord
SemperFord's picture

Maybe the Germans would bail them out by trading Merkel for Penelope Cruz?!?!?!?

Thu, 06/07/2012 - 14:51 | Link to Comment Bunga Bunga
Bunga Bunga's picture

It's all Merkels fault that spaniards bought houses they could not afford.

Thu, 06/07/2012 - 14:58 | Link to Comment Ahmeexnal
Ahmeexnal's picture

demoturds would debate your statement. According to them..."It's all Bush's fault!"

Thu, 06/07/2012 - 16:19 | Link to Comment Doña K
Doña K's picture

There can't be irresponsibe borrowers without irresponsible lenders

Thu, 06/07/2012 - 14:53 | Link to Comment magpie
magpie's picture

Peer Steinbrueck and Juergen Trittin will be airlifted to you immediately together with a printing press, dear paysanos. 

And what's up with begging only from Merkel ? Ask Hollande for a special retirement cheque while you're at it.

Thu, 06/07/2012 - 14:52 | Link to Comment Sandmann
Sandmann's picture

The Spaniards simply cannot accept that they had voted in Socialist Governments that have let Bamkers build and build on easy credit. Their Society is corrupt and the Northern Europeans know it. If they pis off German tourists they will suffer the same 30% collapse in German tourism that Greece has experienced. They are loopy. Outside the Euro they would suck in all those tourists going to Turkey and Slovenia

Thu, 06/07/2012 - 14:53 | Link to Comment robertocarlos
robertocarlos's picture

Who is tracking the Spanish fleet?

Thu, 06/07/2012 - 15:19 | Link to Comment mick_richfield
mick_richfield's picture

Davy Jones?

Or did they build a new one recently ?

Thu, 06/07/2012 - 15:32 | Link to Comment Ghordius
Ghordius's picture

Which one? There are so many, at so many different dephts...
The last big one was lost in the Spanish-American War

Thu, 06/07/2012 - 15:36 | Link to Comment magpie
magpie's picture

Wasn't the one before that at Trafalgar ?

Thu, 06/07/2012 - 15:43 | Link to Comment boiltherich
boiltherich's picture

You need side scan sonar for that, but the same can be said of the German fleet eh? 

Thu, 06/07/2012 - 15:47 | Link to Comment magpie
magpie's picture

Well, at least German steel lying at Scapa Flow is the only radiation free man made material left on this planet...

Thu, 06/07/2012 - 20:39 | Link to Comment Lednbrass
Lednbrass's picture

Yep, the only real German fleet in history was sunk by the Germans themselves, and boy were the English mad.

I always found it very curious that for a group supposedly bent on world domination they never bothered to built a fleet for WWII, just a small surface squadron and no aircraft carriers. No doubt that notoriously poor German planning at work again.

Thu, 06/07/2012 - 15:51 | Link to Comment Ghordius
Ghordius's picture

Fleets, plural

I wonder if this twittering is of real impact. It's the same generations/socioeconomic-groups that protested last year.

Perhaps we might see the resurgence of a seriously united socialist front in europe? Using the new media?

Thu, 06/07/2012 - 15:58 | Link to Comment magpie
magpie's picture

They had their chance with Occupy already, didn't they ?

Thu, 06/07/2012 - 17:45 | Link to Comment Don Diego
Don Diego's picture

Me, the Spanish fleet is in port awaiting for the ECB to release funds to pay for the fuel. The minister of defense is asking permission to the Americans so that the leased surface-to-surface missiles can be used for real. The fleet's first transexual sailor is at his, sorry, her post locked and loaded and ready for battle. We will teach those Germans a lesson they will never forget.

Thu, 06/07/2012 - 14:53 | Link to Comment LULZBank
LULZBank's picture

Why cant the ECB print all the Euros and pay off the debts of all the member states and get it done with?

Im serious, bearing in mind the fact that there is not enough currency (paper or digital) in circulation that will pay of the entire debt.

 

Thu, 06/07/2012 - 15:26 | Link to Comment skepticCarl
skepticCarl's picture

Print to pay everyone's debt, ala the U.S., is exactly what will happen.  Why taking so long?  Messy bureaucratic process; opposition by the potential losers, fudging treaties, backdoor deals with the Fed, etc.

Thu, 06/07/2012 - 14:53 | Link to Comment unionbroker
unionbroker's picture

the 25% unemployed Spanish have lots of free time to tweet

Thu, 06/07/2012 - 14:54 | Link to Comment SonOfSoros
SonOfSoros's picture

Phase 1: #StopMerkel

Phase 2: #SpanishBankruptcy

Phase 3: #SaveusMerkel...Please?

Thu, 06/07/2012 - 14:54 | Link to Comment Sudden Debt
Sudden Debt's picture

Deploy the Armada and bomb... The... Shit...

Thu, 06/07/2012 - 14:57 | Link to Comment LULZBank
LULZBank's picture

bomb... The... Shit...

Sweden Holland Iceland and Turkey?

Weird combination, but such are the acronyms in Europe nowadays.

Thu, 06/07/2012 - 15:55 | Link to Comment Ghordius
Ghordius's picture

Says he who banks for lulz

Thu, 06/07/2012 - 16:26 | Link to Comment LULZBank
LULZBank's picture

Says he who banks for lulz

See below and remember, always!

http://files.sharenator.com/1273_internet_tough_guys_for_teh_lulz_jpeg_R...

Thu, 06/07/2012 - 14:55 | Link to Comment insanelysane
insanelysane's picture

Stop Merkel from what?  This is the "your money is my money" mentality that the Socialists are spreading around the world.

Thu, 06/07/2012 - 14:56 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Sounds like almost any third world country that deals with the US.

One hand outstretched in need while the other hand flips you off.

Thu, 06/07/2012 - 14:59 | Link to Comment LULZBank
LULZBank's picture

There could be 2 or more factions in a country, no? With differing opinions and attitudes?

Thu, 06/07/2012 - 14:56 | Link to Comment LULZBank
LULZBank's picture

People should be careful with blaming and pointing fingers. "Who's fault it is/was?" is a complicated question to answer, but the feeling I get is nationalism is being promoted and hatred for each other, among the countries i.e. paving way for WW3.

The debt will NEVER be paid, NEVER was the intention.

Thu, 06/07/2012 - 15:11 | Link to Comment The Swedish Chef
The Swedish Chef's picture

The left in Spain has been very, very busy inciting anti-German hatered. The fact the difference betweem German rates and Spanish rates, "la prima de riesgo", has sailed up as daily news item hasn´t done wonders for European unity either. 

Thu, 06/07/2012 - 15:13 | Link to Comment magpie
magpie's picture

Good that there's a Spanish Huffpo now too /sarc

Thu, 06/07/2012 - 15:47 | Link to Comment The Swedish Chef
The Swedish Chef's picture

There is: publico.es

 

Funny sidenote: no but the paper edition so now they´re just digital. Shows you that socialists won´t put their monet where their mouth is, not even €1.2 a day.

Thu, 06/07/2012 - 16:47 | Link to Comment magpie
magpie's picture

Yes, but there is also a real el huffingtonpost since today.

Soros must be positioning himself for the uh chaos to come.

Thu, 06/07/2012 - 15:14 | Link to Comment world_debt_slave
world_debt_slave's picture

Spiderman towels, you can't make this shit up

Thu, 06/07/2012 - 15:15 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture
06/06/2012

 
The World from Berlin Spain's Bailout Refusal Is 'Kamikaze Politics'

 

Pressure is growing for Spain to tap into European Union bailout money to stem its banking crisis, but the country has stubbornly refused. Instead, Madrid hopes to get around bailout conditions with direct aid to its banks. German commentators on Wednesday say that the time for pride has passed.

 

All eyes are on Spain as the euro crisis seems to deepen by the day. The country's banks are in dire need of capital, which Madrid is unable to easily provide. Yet the government continues to resist outside pressure to accept bailout money from their euro-zone partners. Instead, in an effort to avoid submitting to conditions that would be imposed in exchange for a bailout, Madrid has turned to the financial markets, an approach widely considered to be both unsustainable and a grave risk to the health of the euro zone.

 

Laden with bad loans left over from the collapse of the country's real estate bubble in 2009, the country's most troubled institution, Bankia S.A., reportedly needs €19 billion ($24 billion) in fresh capital. In total, the Spanish banking sector is thought to need between €75 billion and €100 billion worth of liquidity. Borrowing costs on 10-year bonds, meanwhile, have crept close to the dangerous 7 percent mark, widely considered to be unsustainable.

Spanish Treasury Minister Cristobal Montoro revealed how dire the situation has become on Tuesday. "The risk premium says Spain doesn't have the market door open," he told Onda Cero radio. "The risk premium says that as a state, we have a problem in accessing markets, when we need to refinance our debt."

Spain has asked for euro-zone bailout money to be made available directly to its financial institutions, a strategy to which Germany is strictly opposed. Europe "needs to support those that are in difficulty," Rajoy told a Senate session on Tuesday, calling for a "banking union" to oversee the finanancial industry. While the European Commission and European Central Bank (ECB) are expected to present ideas for creating such banking oversight at a summit in late June, any such plan would be almost certainly be too late to help Spain.

 

read on: http://www.spiegel.de/international/europe/spanish-bailout-refusal-is-no...

Thu, 06/07/2012 - 15:16 | Link to Comment q99x2
q99x2's picture

Maybe they'll revert to silver, freedom and Independence instead of bullfighting.

Thu, 06/07/2012 - 15:42 | Link to Comment Ahmeexnal
Ahmeexnal's picture

spain has no silver left.
But they can always revert to the peseta.

http://www.guardian.co.uk/business/gallery/2012/may/23/eurozone-crisis-k...

Thu, 06/07/2012 - 15:18 | Link to Comment fiercekitty
fiercekitty's picture

Bullish!!!!!!

#stopmerkel

#dronesareenroute

Thu, 06/07/2012 - 15:52 | Link to Comment Jena
Jena's picture

Given the Trendsmap showing the exact location of all those tweets, no problem!  Zooming in now...

Thu, 06/07/2012 - 15:21 | Link to Comment debtor of last ...
debtor of last resort's picture

Saw a tv fragment a few months ago. The horn of Africa, believe is was Sudan. The west was green with enough food. The east was very dry. People in the east said: this is my home. I'd rather die than go to the west. I think it's not about austerity. Not about capitalism. People need a decent culture, family, food etc. They are all fucked up by iPad pushers. Together with too much debt and undermining humanity and non stop forced growth, people are productivity instruments. So, minds are fucked up. And then, when the illusion is taken away from already fucked up minds, they grab to safety, and that is family, country, culture, neighborhood. So go tell them about the 700 to 1000 tr derivatives mushroom cloud. What's the answer? Well, we will find out.

Thu, 06/07/2012 - 15:24 | Link to Comment Wizard of Finance
Wizard of Finance's picture

Hi Tyler, you are dying to get one of these spiderman towels! I´ll try to buy you one here.

In my opinion, you are lately mixing too different stuff to make up your own spanish salad.  

looks nice, but too much dressing.

Thu, 06/07/2012 - 15:25 | Link to Comment AnAnonymous
AnAnonymous's picture

Well, I thought that returning to national currency was the way out to a better place.

Now Spain would be worse off if it returns to pesetas?

Thu, 06/07/2012 - 15:32 | Link to Comment LULZBank
LULZBank's picture

Now now ... c'mon ... didnt you get the memo?

We make up arguments as we go along. UK is better off because they have their own currency. Spain would be worse off if they have their own currency.

Governments print money and gives it out to people and then asks them to return some as taxes for the Govt's revenue. Apparently Govts go bankrupt if you dont return their printed confetti back to them as "tax revenue."

Thu, 06/07/2012 - 16:18 | Link to Comment Ghordius
Ghordius's picture

Come on, a return to the peseta and a devaluation would bring immediate relief, at the expense of the future.

Strip it from the drama and this is it: a time preference.

Pain now or later? Short & sharp or long and chronic?

A preference.

Thu, 06/07/2012 - 16:29 | Link to Comment LULZBank
LULZBank's picture

Pain now or later? Short & sharp or long and chronic?

You mean either austerity or devalued Peseta?

Thu, 06/07/2012 - 16:35 | Link to Comment Ghordius
Ghordius's picture

Or letting the troubled spanish banks default - a capitalist solution. Among others.

Thu, 06/07/2012 - 16:49 | Link to Comment LULZBank
LULZBank's picture

Oh the contagion!

Oh the dominoes!

Please dont say that!! Quick bail out Spain!!!

Thu, 06/07/2012 - 15:58 | Link to Comment EvlTheCat
EvlTheCat's picture

Spain?  That is probably the second time I have actually seen you refer to a country by its actual name instead of some extension of U.S. Citizism?  Are you slipping or are your just selective in your obtuse bullshit?  I mean all we need from you is to insult Native Americans by referring to them as Indians one more time and the uselessness of what you provide as comment will be complete.

Thu, 06/07/2012 - 15:25 | Link to Comment ripper
Thu, 06/07/2012 - 15:33 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

crapital3x spamming should be left on the Chinese citizenism roadside where it belongs.

Thu, 06/07/2012 - 15:25 | Link to Comment Instant Wealth
Instant Wealth's picture

[intercepted radio message] I watched Spain crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving.

Thu, 06/07/2012 - 15:28 | Link to Comment goldnguns
goldnguns's picture

Stuxnet the ECB.  Spin 'em into oblivion and let the Krauts get back to making cars, the Froggies screwing anything in site, the Eyetalians pinching ass, the Spns sleeping the day away, and the Zorbas admiring women who shave.

Thu, 06/07/2012 - 16:08 | Link to Comment blindchicken
blindchicken's picture

To a simpleton, everything seems to be simple..

Thu, 06/07/2012 - 16:21 | Link to Comment goldnguns
goldnguns's picture

Ben taught me years ago and a lesson learned was "make those you want to control think they're in control of their destiny".  Kind of like chickens.

Thu, 06/07/2012 - 16:52 | Link to Comment blindchicken
blindchicken's picture

Well, goldnguns, my alias - as i assume like yours - was not chosen totally at random.

I just dont see what you want to achieve with your first comment. Do you really think it to be a valid option?

Or is it just meant to be some kind of destitute sarcasm?

 

Thu, 06/07/2012 - 15:29 | Link to Comment web bot
web bot's picture

Look this is the 20something Ken & Babrie liberal fed generations... they are like ants feeding on any social cause that will give them something to overinflate their narcassistic egos about... ahem... I mean talk about with their friends.

Man this world is in for some ugly medicine.

Thu, 06/07/2012 - 15:29 | Link to Comment fiercekitty
fiercekitty's picture

I have a Spiderman towel.  I know you're all jealous.  :P

Thu, 06/07/2012 - 15:34 | Link to Comment nomorebuyins
nomorebuyins's picture

This just in: Spain has shot an angry bird at Germany. Oh the humanity!

Thu, 06/07/2012 - 15:41 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

excellent analysis tyler!

this is a mass psychology first, imo, also

#stopmerkel is what germany should be saying!  reverse psychology 101

so the nearly-decalced spaniards are saying it as a bluff of humorous proprtions, figuring the germans are so fuking styooopid, they'll just react by backing angela's caveing to bankster-/NW0-interests, and give them at least enought to stay in line till till next quarter's handouts

piratically fabulous!

talk abt welfare statism?  this is ri~dic~ulous!  they actuall plan to legislate this mess into a new-improved system that cBs and germany will both benefit from?  angela is already trapped, so they just have germany doing the baby-step thing;  the germans keep engineering new ways to pay later, as long as impossible contingencies are strictly adhered to

a can-kicking duet!  and funny too!  enjoy!

Thu, 06/07/2012 - 15:49 | Link to Comment giorgioorwell
giorgioorwell's picture

Tyler,

Shouldn't you be applauding their attempt at stopping these useless "bailouts" (the banks are getting bailed out, not the populations) whether it results in a tumultous return to the peseta or not?   Whether they suffer under the current Euro or go through a rough transtion to the peseta is probaly much the same to their everyday lives. 

Seems that the posts on Zerohedge these days contradict each other more and more....on the one hand you say that the Euro experiment was doomed to fail from the very beginning and these bailouts are kicking the can down the road, while on the other you are decrying as naive and idiotic for the populations that are trying to end the non-stop bailouts and diktates from Germany.

These populations don't have any better idea of what reverting to a national currency will actually look like than economists do, but calling them naive because they don't know which form of suffering will be worse is intellectually dishonest.  The 

You can't say the only solution for Greeks, Spaniards, Irish is to default, and then call them idiots for actually moving in that direction.  A hard reset is coming and it doesn't matter what the government calls itself, Socialist or Conservative, neither one has a clue how to reign in the out of control fractional reserve, hypothecated to infinity banking system.   

In the meantime, it would be nice to see a return to a consistent and coherent point of view on this site

 

Thu, 06/07/2012 - 16:17 | Link to Comment Tyler Durden
Tyler Durden's picture

Everyone will default of course in the end. But to say that any population actually welcomes and demands this is going against 170 years of Bismarckian welfare state-ism.

The collapse will not happen when people want it. It will come when everyone is begging for more, more, more bailouts perfectly aware of just what is on the other side of the chasm, and money simply loses meaning.

Thu, 06/07/2012 - 16:30 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Based on: Simon Black's "Guest Post: Why You Should Be Excited About National Bankruptcy" however, the earlier the collapse the better.

Maybe that's what the Spaniards want.  

 

Thu, 06/07/2012 - 16:40 | Link to Comment Ghordius
Ghordius's picture

I wish I could refute this...

Don't forget though that as a model, the Bismarkian comes usually back, even after defaults, wars and hyperinflations.

It's a very human "system", caring for the older generations

Annoying, I know...

Thu, 06/07/2012 - 17:07 | Link to Comment NotApplicable
NotApplicable's picture

Stealing from the poor to support the poor (or anything else) comes back into vogue only because it it empowers the "leaders." Those wars, defaults and hyper-inflationary periods  are the result of the accumulation of this theft over time into the hands of the elite. One might call this disaster a "caring" system, but then again, one can chose to see things only as they care to consider them.

 

Thu, 06/07/2012 - 16:51 | Link to Comment giorgioorwell
giorgioorwell's picture

Tyler, I'm honored to see your response to my post.

I'm not saying they are welcoming and demanding it, I'm saying they are already resigned to the fact that it's coming and dread it, but still have to watch Eurocrats telling them on a daily basis to bail out their banks or else.  They know the "or else" is coming one way or another, why the hell bail out the banks to buy a few months?  

The youth of Spain and other European countries haven't exactly been living high on the socialist hog for the past few years, and they are looking for any number of different and messy ways out of it.  Anything they do to accelerate the process has my vote, whether their tweets are totally coherent.  The population of the ZH comment boards produces an equally bewildering level of commentary on how we get out of this in one piece.  

I prefer the Icelandic model myself...an "if we go down and are being asked to suffer, then you sure as hell are going down too" approach to the idiots that designed and continue to benefit from the system.  

 

Thu, 06/07/2012 - 17:10 | Link to Comment NotApplicable
NotApplicable's picture

Problem is, those who are allowed to choose are not those who suffer. Any attempt made by the sufferers to accelerate the process merely plays into the hands of the destroyers who desire the cover of scape-goats.

Divide, conquer, rinse, repeat. Ad infinitum.

Thu, 06/07/2012 - 17:24 | Link to Comment EvlTheCat
EvlTheCat's picture

I like your posts, but using Iceland as and example seems a little misplaced.  Why?  Because they are are still considering trying to peg their currency to either the Canadian dollar or the Euro.

It seems that instead of pegging fiat outcomes to more useless fiat, we as sovereign nations should be considering a mixture of fiat vs. silver standard as suggested by Hugo Salinas Price.  If you to show a no confidence vote for the banking industry, pull your fucking money out of the establishment.  Get you family to pull their money out, and so on.  If people would just do this then the banking industry has to take notice.  Convenience is what is causing the banking shenanigans to continue for so long.  If it persists then eventually the banking industry will get their way and go to a paperless currency and we will all, definitely, be fucked.

It is nice to see Max Keiser actually going to Greece with Hugo to try and sell this to the government and people of Greece.  I pray that the private jet they are flying on doesn't get shot down on the way there!

Thu, 06/07/2012 - 16:06 | Link to Comment shovelhead
shovelhead's picture

Like a bum panhandling for a bottle of Cristal.

I may be a bum but I have my pride.

Thu, 06/07/2012 - 16:16 | Link to Comment Conman
Conman's picture

Which Cristal? the champagne, the beer, or the liquor?

Thu, 06/07/2012 - 16:18 | Link to Comment magpie
magpie's picture

Meth isn't sold in that form, but do correct me.

Thu, 06/07/2012 - 16:14 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

This BBC guy quotes her as follows:

Merkel: 'we need not just a currency union, we also need a so-called fiscal union, common budget policies and above all a political union'

 

Maybe the Spanish arenT ready (as in desparate) for a German-led political union?

btw: "above all" = Deutschland über Alles!

Thu, 06/07/2012 - 17:12 | Link to Comment NotApplicable
NotApplicable's picture

W... T... F... is a "so-called fiscal union?"

Is it anything like being "kind of pregnant?"

Thu, 06/07/2012 - 17:31 | Link to Comment Joe A
Joe A's picture

We would be screwed when even Germany submits to a EU union in all these areas. Unless of course it will be a German EU union (not that the rest of Europe would not be screwed then either). These power games are really interesting. Who will be the last man or woman standing?

Thu, 06/07/2012 - 16:41 | Link to Comment Joe A
Joe A's picture

Spain banking crisis is much much bigger than this 40 billion they throw at it now. The real estate sector is almost the same size as the industry sector and the banks are up to their necks in it. The Spanish banks are doomed and I don't understand why Germany wants to bail them out. Well, actually I do know: Germany does not want to seen as the party pooper that trashed the EU's party. Before you know they call Merkel a nazi in Spain as well. Nothing easier than blaming someone else for you own problems.

Thu, 06/07/2012 - 16:44 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

Germany got the blame for WWI

Germany got the blame for WWII

Germany gets the blame for WWIII, lol

Thu, 06/07/2012 - 16:55 | Link to Comment LULZBank
LULZBank's picture

They've got to win it this time and rewrite all that history!

http://media.fakeposters.com/results/2011/03/03/sqn7b2yicm.jpg

Thu, 06/07/2012 - 16:44 | Link to Comment Olympia
Olympia's picture

Global Debt Crisis

The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...

Authored by PANAGIOTIS TRAIANOU

Thu, 06/07/2012 - 16:50 | Link to Comment disabledvet
disabledvet's picture

Does the bank fail if the country fails tho? I say no.

Thu, 06/07/2012 - 18:15 | Link to Comment Flying Tiger Comics
Flying Tiger Comics's picture

WHADDA WE WANT?

 

FREE LUNCH!

 

WHEN DO WE WANT IT?

 

NOW!

Thu, 06/07/2012 - 18:52 | Link to Comment bugs_
bugs_'s picture

are they gonna default on twitter too?

Do NOT follow this link or you will be banned from the site!