Spain about to implode... 2nd Socialist domino to fall

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Spanish debt costs spiral as crisis deepens Spanish 10-year borrowing costs neared the 7 percent danger level Aside from their real-estate mess... they doubled down with their "Green economy"... they are BEYOND screwed... another popcorn munching train wreck on the way. Spain's Green Disaster a Lesson for America Despite its hyper-aggressive (expensive and extensive) “green jobs” policies it appears that Spain likely has created a surprisingly low number of jobs, two- thirds of which came in construction, fabrication and installation, one quarter in administrative positions, marketing and projects engineering, and just one out of ten jobs has been created at the more permanent level of actual operation and maintenance of the renewable sources of electricity. This came at great financial cost as well as cost in terms of jobs destroyed elsewhere in the economy. The study calculates that since 2000 Spain spent €571,138 to create each “green job”, including subsidies of more than €1 million per wind industry job. The study calculates that the programs creating those jobs also resulted in the destruction of nearly 110,500 jobs elsewhere in the economy, or 2.2 jobs destroyed for every “green job” created.