http://www.nytimes.com/2012/07/11/business/global/spain-gets-further-concessions-on-its-bailout.html?pagewanted=all
Is there really a point to even expecting this debt to be repaid? If we took all print money out of circulation and put it towards this purpose it still doesn't add up, right? so why are we trying? another answer... it looks like deflation is inevitable...
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