No gestionan, roban: "España saquea el 90% de los fondos de la Seguridad Social para comprar su propia deuda" http://t.co/BkMKbMmj (english)
January 04, 2013
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Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt | ZeroHedge
With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that keeps bidding for this stuff. Well, wonder no longer.
http://www.zerohedge.com/news/2013-01-03/spain-plunders-90-social-security-fund-buy-its-own-debt