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It Begins: Spanish Region Of Catalonia Demands A Bailout

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 25 May 12 5:04 PM | 47 view(s)
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Submitted by Tyler Durden on 05/25/2012 08:32 -0400

European Central Bank
Reuters

Yesterday we mocked the fact that the Bankia's bailout costs are doubling with each passing day. Today, things just got "Messi-er":

SPAIN'S CATALONIA REGION NEEDS GOVERNMENT HELP, RUNNING OUT OF DEBT FINANCING OPTIONS-CATALAN PRESIDENT - RTRS

So... if broke Bankia can rehypothecate Ronaldo, can Barcelona demand delivery of Messi and pledge him as ECB collateral too? Or was he nationalized by the government in retaliation for that whole "Argentina" thing?

http://www.zerohedge.com/news/it-begins-spanish-region-catalonia-demands-bailout?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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