Estamos en problema

Just been watching the Spanish bailout protests via one of the Financial magazines.  What with all the fuss about Greece possibly defaulting on their Euro loans, things look like it may end up being a toss up as to which Eurozone country defaults first.  Either way, the big Euro experiment looks like disappearing down a very large financial plug’ole with a less than comical sucking sound. Spain, with it’s high level of youth unemployment, a staggering 43%, with 21% unemployment overall, has massive Tahir square like protests which only seem to be creating a stir on certain financial pages.

Here’s a little semi-bowdlerisation which may prove prophetic in the light of various secessions from the Schengen treaty and the fallouts from all the Euro bailouts;

The Euro ‘as gorn down the plug’ole
The Euro’s been flushed down the loo,
When so many countries default on their loans,
Then others thought ‘Why don’t we too?”
Eurobanks tried to restructure the debt,
They blinked but a moment and still but as yet,
The Euro was worthless,
In anguish they cried,
“What’s up with the Euro?”
The Markets replied;
“The Euro ‘as gorn down the plug’ole
The Euro’s been flushed down the loo,
When so many countries defaulted on loans,
Then others thought ‘Why don’t we too?”
The Euro’s no longer supported,
It ain’t worth a bean any more,
The Euro has gorn dahn the plug’ole,
Not lorst, but gorn before.”

Shit. Fan. Incoming! Estamos en problema all right.

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