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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Matt Stoller</author_name><author_url>https://www.nakedcapitalism.com/author/matt-stoller</author_url><title>Spain Has Only Denial | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="4KDYLtQZct"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/spain-has-only-denial.html"&gt;Spain Has Only Denial&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/spain-has-only-denial.html/embed#?secret=4KDYLtQZct" width="600" height="338" title="&#x201C;Spain Has Only Denial&#x201D; &#x2014; naked capitalism" data-secret="4KDYLtQZct" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from&#xA0;MacroBusiness.  There seems to be a pattern emerging as stressed Eurozone nations struggle against the austerity based policy that slowly strangles them. The first stage is a denial that anything is wrong, the second is that there is some problems but with renewed vigour the issues will be solved and the third stage is when reality finally begins to sink in that the country is in serious trouble and some form of external &#x201C;help&#x201D; is inevitable.</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2012/04/Spain_Houses.png</thumbnail_url></oembed>

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