Spain about to get the IMF Shuffle, again?

As reported by Reuters:
"Spanish Prime Minister Jose Luis Rodriguez Zapatero said on Friday it is very probable the country would have needed a bailout if the government had not implemented its austerity package in May 2010.

For the last five days young people have been staging massive protests across Spain, angry about the austerity measures and rising unemployment, ahead of the May 22 municipal and regional elections."

> The story continues. The EU Zone really was THREE Zones. Western Europe (Germany, France) and the Club Med Countries, and the fringle players.

Now that the drivatives and SIV's are blowing up - you have to wonder how many Banks are going to be left holding the bag.