They are delusional and not a little nationalist. Ole'
I know that this is just the perspective of people from outside
Spain, but their politicians seem crazy.
PM Rajoy was telling the FINMin to hold out and not accept
the bailout, out of national pride.
So, they're the 4th biggest Euro economy. Who cares?
The only thing I know is that they're being chopped up into
Tapas De Banco
So It Was Blackmail, Eh?
Now this is amusing.... and not surprising.
According to El Mundo, Spanish PM Mariano Rajoy sent a stunning text message to FinMin Guindos prior to the bailout negotiations.
He said, according to El Muno editor Pablo Rodriguez: "Resist, we are the 4th power of the EZ. Spain is not Uganda."
Translation: We're a major power, not some random IMF-case banana Republic.
The followup message (according to Google translate) "if you want to force the redemption of Spain will prepare 500,000 billion euros and another 700,000 for Italy, which will have to be rescued after us."