The poor Greeks get yet another bond downgrade and it looks

like the way is being prepared for the shock of Spain asking for a financial lifeline. Spain is a wholly different proposition to Greece, a much bigger economy still struggling to wade its way through the quagmire of the housing bust and 20% unemployment. A scandalously scaremongering article was released via the Daily mail website yesterday raising the possibility of many southern European countries reverting to military dictatorship if economic situations deteriorate.

Let’s hope we have moved on from those particular dark days and focus and creating a far more stable pan European economy.

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