They did it again.  This time it is Spain – or rather, Spanish banks – which are getting a 100 billion Euros bailout in exchange for a wide and comphensive program of austerity measures by, no, not the Spanish banks, but the Spanish people.
You got to admire the brazen arrogance of this system.
First, the banks screw the people, then the international plutocracy makes it a condition to further screw the people before bailing out the banks (and not the screwed people, of course!)
And the entire Establishment and its lapdog corporate media try to out-compete each other in not seeing the obvious solution: to nationalize the banks, criminally prosecute their administrators and, possibly, shareholders, and jump-start the economy by bringing down unemployment.
First there was Greece, then Ireland and Portugal.  Now Spain is next, possibly followed by France.  Have the Europeans really forgotten that one definition of insanity is doing the same thing over and over again while expecting different results?
The Saker
The Essential Saker IV: Messianic Narcissism's Agony by a Thousand Cuts
The Essential Saker III: Chronicling The Tragedy, Farce And Collapse of the Empire in the Era of Mr MAGA