Euro Exit Beats Begging Bowl, says Spanish Elder Statesman
Friday, 27 July 2012 08:45
Posted by David Icke
'Francisco Alvarez Cascos, the region’s president and former secretary-general of Spain’s ruling party, accused premier Mariano Rajoy of humiliating the nation by touring Europe with a “begging bowl”.
The attack came as Spanish finance minister Luis de Guindos hopped from Berlin to Paris in a desperate attempt to drum up support as yields on Spanish two-year debt surged to a fresh record of 7pc.
Mr de Guindos hopes to recruit enough allies to force a policy change by the European Central Bank and avert a full sovereign rescue. He angrily denied press reports that Madrid has thrown in the towel and negotiated German backing for a €300bn (£235bn) package from Europe’s rescue fund.'
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