Spain in a Default Spin

The likelihood of a massive default Spain is growing more ominous in certain.

The Eurozone simply cannot continue propping bankrupted states which are laboring under intense public debt. The nations of Southern European have taken it easy for too long. The resident of Spain, Italy, Greece, and Portugal must resign themselves to doing more with much less, and expecting very little from their leaders in the first place.

A massive default will rattle markets in Europe and across the globe, no doubt about it. Yet the sudden, inexorable correction is better than the slow decay and demise which is eroding confidence while depleting the savings and investment of stronger nations, whose citizens demonstrated a competent savvy to reserve their funds and save for a rainy day. The frugal responsibility of stronger states should not consign them to prop up failing governments and their overgenerous policies of "promise now, pay later", which has created broken promises that are breaking the bank of local governments and nations throughout Europe.