(Newser) – The Euro zone officially launched its 500 billion euro bailout fund today, but finance ministers said that its first intended beneficiary, Spain, didn't need help just now after all. "Spain needs no aid program," German Finance Minister Wolfgang Schaeuble told reporters. "Spain is doing everything necessary, in fiscal policy, in structural reforms." For now, the ministers are worried about Greece, which is still in intense negotiations with the European Commission, Central Bank, and IMF over budget cuts, Reuters reports.
$500 billion. LOL. Obama laughs at that and raises you a few trillion.
A failing system, making one last gasp with a petty attempt at trying to stay alive, the inevitable is here. Governments are much better ran within communities, not corrupt bureaucrats in distant lands.