Spain is on the cusp of implosion and everyone is asking if Spanish Prime Minister Mariano Rajoy will request a bailout from European Central Bank President Mario Draghi.
Yet, in reality, the question is not “if” but “when.”
Things get a little complicated since Rajoy was elected on the promise of not asking for help from his European neighbors.
Therefore, if Rajoy breaks his promise, that would force the Spanish people to be held under the thumb of a foreign entity, making Spain both controlled and obligated to the ECB. ...