"The Spanish government is trying to shore up the
banking sector to get credit flowing to the ailing economy. But the cost
of rescuing banks could overwhelm government finances, which are
strained by a recession and an unemployment rate of nearly 25%. The
possibility that the Spanish government might eventually need an
international rescue package — like the ones Greece, Ireland and
Portugal sought — has kept investors on edge for months. Spanish
Prime Minister Mariano Rajoy met with Socialist opposition leader
Alfredo Perez Rubalcaba late Friday to try to map out a strategy for the
future."
I am weary of open-socialism. Is it because it is inevitable?
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