Grexit and spailout refer to the Greek Exit from the Euro and the Spanish Bailout. None of these are accurate actually because piling debt on debt is not a bailout, it is simply adding debt to debt. Italy is broke, Greece is broke, Portugal is broke, Ireland is broke etc. They are all BROKE!!!!!
FRance is Broke, ENgland is Broke, The UNited States is Broke, in essence John, The whole world is BROKE! GUess what is coming next.....Joe