Originally posted on uneconomical:
By “Spain”, I mean Spanish government bonds.
Will the ECB will stand by and let Spain go under? Spain is a nice country with a fairly large economy. It’d be a… shame, right? So if the ECB won’t do anything, I think the UK should act instead.
David Cameron should immediately instruct the Bank of England to print Sterling, exchange it for Euros, and start buying up Spanish government debt. Spain apparently has about €570bn of debt outstanding, so the Bank could buy, say, all of it.