“Do [those advocating military actions] speak for the Armed Forces? One assumes not. One awaits a categorical denial from King Juan Carlos, from premier Mariano Rajoy, and from the cupula of the Armed Forces that such a course of action is being considered.  The Draghi bond plan can certainly put off the day of reckoning. It can lower borrowing costs across the board and cushion the slump. But it cannot in itself stop the slow asphyxiation of these societies. We are moving from the financial phase of this crisis to the full-blown political phase. It really is playing out like the 1930s.”

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100020330/be-very-careful-beloved-spain/

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