Spain in more trouble.

[Oracle]

It's a bad precedent. A stupid country like Greece should be left alone. Spain can sell a bit of its land for money and so should Italy. Seriously! Why should someone be rescued because they were willfully following crappy policies? This PIGS thing has been around for quite some time. People saw Italy getting into trouble long before it did. Investors could and will lose confidence in those countries but there are other countries that have sound policies and will drive growth. India being one of them in spite of the recent drop in growth.

Frankly, what do you want? A depression lasting for the next 10 years or a conceivable robust economy? You think sub prime crisis did not affect India? I saw young professionals coming out of their office crying, late 2008, of a prominent investment bank, in Inner Ring Road. Poor people who worked in manufacturing lost jobs. It may have benefitted you, but it did not to many. Instead of rhetorics, what do you suggest?

Before replying to my post, do remember 'The Chaos Theory'.