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IPFS News Link • Economy - International

Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

• Zero Hedge
Spain has been quietly tapping the country's richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds - with at least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt. 

http://www.thelibertyadvisor.com/declare