We love Spain

Oh yes we do and not just because of beauties like this lady.

You see Spain has so much going for it, a great place to go on holiday, beautiful weather and landscapes, nice people and thanks to Euro membership and economy even more shot to pieces than the UK economy.

In addition to all that, the Spanish Airline Iberia is just about to merge with our own, dear British Airways. You know the one, where all the staff strike at being paid double the industry standards; where the pension deficit is far bigger than the value of the company; the one that loses a million pounds a day and has done so for 2 years straight. Brilliant, thanks Iberia for being willing to share the load with us.



You may remember these posts too, when another kindly Spanish company Ferrovial enriched UK shareholders by buying BAA in huge top of the market leveraged finance deal. Now it has all gone sour for the Spanish owners with BAA splilt up and the debt overhang too heavy to want to even think about.


So for the hat-trick lets all hope that strong Spanish bank Santander can come along and take RBS off the UK taxpayers hands; what a coup that would be for the UK.


Vamos a ver?