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Tuesday, July 31, 2012

100,000 Workers in Spain Will Not be Paid Because Regional Government of Catalona is Broke

It's extremely painful when government collapses and can't pay its bills or its workers. But public spending on steroids and the massive accumulation of mountains of debt to sustain the unsustainable is a stone cold reality.
The crisis in Spanish regional governments continues to escalate. El Pais reports Catalona Will Not Pay Hospitals or Private Centers and 100,000 workers are affected.

Read the rest here
Mish's Global Economic Trend Analysis 

Judy Morris,
Blogger, THL
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