To keep on reporting a bit on the situation in Spain not sure if you guys noticed all the mess about Bankia (the 4th largest bank in the country) and how now it has become a state-owned bank. Today, Guindos (economic minister) reported that other banks may follow soon (Unnim I think and other I can't remember).
Lots of people have made a huge profit with Bankia in just one week. The shares dropped to almost nothing after it was known that the goverment was going to bail it out, some people bought tons of shares that day, and a few days later, when the "crisis" of Bankia was over, or calmer, they sold the shares.
The profit that day was over 70cents per share, which is huge ( I have invested in the past in the markets in Spain and if you get 10 or 20 cents per share you are really lucky). Imagine how easy it was to make millions last week.
It all seems so staged, that it probably is.
My view on the situation as per the latests (public) news are changing a bit, I really do not know what will happen, but I am starting to think that neither Greece is going to be out of the Euro, neither Spain will suffer the corralito or something similar. It all seems (just to me, just a perception) that it is another huge strategic movement to push for Eurobonds and to gain more control about the countries economic policies. There is nothing that Rajoy won't do today that Merkel does not approve (which probably has always been the case with any other goverment).
Meawhile, cuts in budgets keep going. Taxes for students have been raised terribly in the last two weeks, and it seems we will get a new raise in the VAT taxes.
I try to figure out the big picture out of it, probably the people pulling the strings here are just a few levels above any public figure we may know, and those we see trying to cope with the situation may or not be aware of it. But so far, it does not make sense to me to "deconstruct" the EU by putting one member out of the Euro, looks more consistent to push for more centralised control, which I guess could be the next thing we will see in Spain.