Spain:Cuando el rio suena, lleva agua (If the river is noisy it’s because it has water)

A liquidity plan, confirmed by sources close to the issuing entity, and also corroborated by senior business leaders, will incorporate financial aid in the form of a credit line amounting to between 200,000 and 250,000 million euros, compared with 110 000 million that went to Greece.




Apparently, the decision could have been made in a special, secret meeting of the Board of Directors of the IMF, which was convened solely to discuss the Spanish economic situation.

Hmm. ‘Apparently’. The IMF chief Dominique Strauss-Kahn is due to arrive in Spain for talks on Friday, but the government has denied that a bailout is on the agenda.