Spain Now Faces a Systemic, Societal, and Sovereign Collapse

Spain Now Faces a Systemic, Societal, and Sovereign Collapse | ZeroHedge: "Spain’s financial system is at truly apocalyptic levels. If you’ve been reading me for some time, you know that Spain has already experienced a bank run equal to 18% of total deposits this year alone (another story the mainstream media is avoiding). However, what you likely don’t know is that an on annualized basis, Spain has experienced portfolio and investment outflows GREATER THAN 50% OF ITS GDP. To give this number some context, Indonesia only saw outflows equal to 23% of its GDP during the Asian Financial Crisis. Spain is experiencing more than DOUBLE this."