By Burkhardt:Paths emerge. The EU has options. Yet they continually choose the well-beaten road of fiscal suicide. Leaders of the currency bloc made a weekend announcement that they will be issuing yet another bailout for Spain's faltering economy in the amount of $125 billion. The goal for this endeavor is to shore up Spain's banking crisis prior to the election in Greece, with the hope that it would decrease the probability of a Greece exit.

The announcement had an immediate impact on the markets this week, and investors responded by increasing the 10-year Spanish borrowing cost by 22 basis points to 6.69%, the highest level since the country's introduction to the euro. This move has several implications one of which is that it will increase their interest payment making it more difficult for them to pay off their debt.

The issued funds will be used to recapitalize the Spain's newly nationalized


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