Tuesday, July 13, 2010

Spain's World Cup Victory: Great for Futbol/ Partying, Bad for Just About Everything Else

With Spain winning its first World Cup Spaniards have flocked to streets, squares, bars, where ever to celebrate their country's victory. Spaniards are gregarious enough as it is so it is likely that they needed little inducement to start a week long siesta.

The problem, as any who've noticed Greece's minor issue of indebtedness, is that--in terms of the world economy--Spain faces a similarly precarious economic situation although its collapse would actually matter on the global scale. (Economically, Greece is about as powerful as Sacramento.)

So, this World Cup might bring about the first financial collapse of a country on account of partying (at least in the AD era . . . Caligula seemed to push Rome pretty close).

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