Greece economic debacle: Et tu Spain?...by Mike Haltman at TPC

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Loose translation: Greece is on the brink, how about you Spain? 

Politicians, banks and regular people around the world are worried about the endgame for Greece and the impact or ripple effect a bad outcome there could have on some of the weaker Eurozone economies like Spain.

The fact of the matter is, however, that Spain is in trouble all on its own due to some of the same indiscretions as Greece, and a bad outcome in Greece might just accelerate conditions on the Iberian Peninsula (including Portugal) that would at some point have come to a head anyway.

Read the rest of the article at The Political Commentator here.