SPAIN NOT OUT OF THE CRAPPER BY A LONG-SHOT - AND NEITHER IS THE EURO

NYTIMES: EURO WATCH 

Spanish Borrowing Costs Surge, Reviving Worries About Euro Zone 

LONDON — The Spanish government had to pay more to sell its medium-term debt Thursday, while yields on its 10-year bonds crept above the symbolically important 7 percent threshold — a worrying development for the euro zone, which had hoped that recent accords would help put a two-year-old sovereign debt crisis behind it.

THE EURO IS KAPUT.

THE SOONER THE EUSSR APPARATCHIKS ACCEPT THAT AND THE SOONER EUROPE ABSORBS THE SHORT TERM LOSSES GETTING RID OF THE EURO WILL CAUSE, THE SOONER EUROPE'S NATIONS WILL MOVE FORWARD WITH REAL GROWTH AND MORE DEMOCRACY.

IT WILL HAVE TO GET WORSE FIRST - NO MATTER WHAT.

SIGH...