They didn't want this. They used Rajoy to try and put this thing down. He was their choice back during the 2010-11 debt crisis and he backed his way into a 2nd term last year because he has the EU's backing.

This is an unmitigated shit-show for the EU and it will touch off the sovereign debt crisis.

The Euro is down $0.01 already and gold is getting whacked on liquidity concerns... just as I told you it would.