"The plan for stabilizing Spain's hemorrhaging insolvency position works as follows: Spain's big banks borrow billions from the European Central Bank (ECB); the Spanish banks then turn around and lend the Spanish government the money to fund a bailout operation for the Spanish banks; the Spanish banks then use the bailout money to buy Spanish sovereign bonds, that is, lend money to the government." - Goran Zec from Bookmarklet

Cool deal - Vedran Rodic from Android