{"id":33028,"date":"2012-06-13T16:15:57","date_gmt":"2012-06-13T16:15:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bailout_in_spain_leaves_taxpayers_holding_the_bag\/"},"modified":"2012-06-13T16:15:57","modified_gmt":"2012-06-13T16:15:57","slug":"bailout_in_spain_leaves_taxpayers_holding_the_bag","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33028","title":{"rendered":"Bailout in Spain Leaves Taxpayers Holding the Bag"},"content":{"rendered":"<p> After clinching Spain\u2019s \u00e2\u201a\u00ac100 billion bank bailout, Prime Minister Mariano Rajoy flew to Poland on Sunday for the Spanish team\u2019s soccer match, declaring \u201cthis matter is now resolved.\u201d\u009d<\/p>\n<p>Not so fast, prime minister.<\/p>\n<p>On Tuesday, Spain\u2019s long-term borrowing costs soared to their highest level since the country joined the euro zone. Investors have apparently concluded that the rescue is potentially a much better deal for the banks and their shareholders than for the government, its taxpayers and bondholders.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/06\/13\/business\/global\/bailout-in-spain-leaves-taxpayers-holding-the-bag.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After clinching Spain\u2019s \u00e2\u201a\u00ac100 billion bank bailout, Prime Minister Mariano Rajoy flew to Poland on Sunday for the Spanish team\u2019s soccer match, declaring \u201cthis matter is now resolved.\u201d\u009d Not so fast, prime minister. On Tuesday, Spain\u2019s long-term borrowing costs soared<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33028\">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":[40,50,460,149,168,200,151,446,587,585,596,34],"tags":[],"class_list":["post-33028","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-ethics-moral-theology","category-europe","category-politics-in-general","category-spain","category-taxes","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33028","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=33028"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33028\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}