Spain’s Former PM Felipe González: ‘We’re In A Situation Of Total Emergency’

Spain in a state of ‘total emergency’ (Telegraph, May 30, 2012):

Felipe González, the country’s elder statesman, said: “We’re in a situation of total emergency, the worst crisis we have ever lived through.”

Global financial markets lurched yesterday at the spectre of the eurozone’s fourth biggest economy being locked out of international capital markets and being unable to fund itself.