{"id":32982,"date":"2012-06-11T15:16:15","date_gmt":"2012-06-11T15:16:15","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/borrowing_by_banks_plagues_europe_despite_aid_for_spain\/"},"modified":"2012-06-11T15:16:15","modified_gmt":"2012-06-11T15:16:15","slug":"borrowing_by_banks_plagues_europe_despite_aid_for_spain","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32982","title":{"rendered":"Borrowing by Banks Plagues Europe Despite Aid for Spain"},"content":{"rendered":"<p>Europe may have sidestepped its latest catastrophe, at least for the moment, by hammering out a \u00e2\u201a\u00ac100 billion bailout plan for Spain\u2019s failing banks over the weekend.<\/p>\n<p>But the intervention will do little to address the problem that continues to plague the Continent\u2019s increasingly vulnerable financial institutions. Namely: a longstanding addiction to the borrowed money that provides the day-to-day financing that they need to survive.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/06\/11\/business\/global\/banks-living-on-borrowed-money-and-time.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe may have sidestepped its latest catastrophe, at least for the moment, by hammering out a \u00e2\u201a\u00ac100 billion bailout plan for Spain\u2019s failing banks over the weekend. But the intervention will do little to address the problem that continues to<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32982\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,149,200,144,151,446,585,596],"tags":[],"class_list":["post-32982","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-economy","category-europe","category-foreign-relations","category-politics-in-general","category-spain","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32982"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32982\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}