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Re: Eurozone will collapse...
Spain's Rajoy hails bank rescue as 'victory for euro'.
http://www.bbc.co.uk/news/world-europe-18385634
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Spanish Prime Minister Mariano Rajoy has hailed a decision by eurozone finance ministers to help Spain shore up its struggling banks as a victory for the European common currency.
"It was the credibility of the euro that won," he told reporters.
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"The solidity of Spain's financial system won, the credibility of the euro won," he said, and vowed to press ahead with structural economic reforms.
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Lloyds Banking Group economist, Charles Diebel, said in a report that the move was bailout "lite" and questioned whether the money would stop the rot: "Will it be enough? That's questionable as it is still prevention rather than cure and again only keeps the banking sector alive rather than really supporting growth."
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“The only lesson you can learn from history is that it repeats itself”
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